M&A
confidence high
sentiment neutral
materiality 0.90
Oracle to acquire Cerner for $95.00/share in all-cash deal valued ~$28.3B
ORACLE CORP
- Purchase price of $95.00 per share in cash, representing total equity value of approximately $28.3 billion.
- Tender offer to commence within 20 business days; conditions include HSR clearance and EU antitrust approval.
- Cerner board unanimously approved and recommends shareholders tender shares; termination fee of $950 million in certain circumstances.
- Cerner directors and certain executive officers (<1% of shares) entered into support agreements to tender their shares.
- Upon completion, Cerner will merge with a subsidiary of Oracle; stock-based awards assumed or cashed out.