---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-21-363742"
form_type: "8-K"
ticker: "ORCL"
cik: "0001341439"
company_name: "ORACLE CORP"
filed_at: "2021-12-21T23:59:59+00:00"
generated_at: "2026-06-27T23:14:34.310167+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Oracle to acquire Cerner for $95.00/share in all-cash deal valued ~$28.3B

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-21-363742
- form_type: 8-K
- ticker: ORCL
- cik: 0001341439
- company_name: ORACLE CORP
- filed_at: 2021-12-21T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1341439/000119312521363742/0001193125-21-363742-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1341439/000119312521363742/d235675d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-21-363742
- JSON: https://secwatch.observer/filing/0001193125-21-363742.json
- Plain text: https://secwatch.observer/filing/0001193125-21-363742.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.