secwatch.observer — SEC 8-K summary
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Issuer:     ORACLE CORP (ORCL)
CIK:        0001341439
Form:       8-K
Filed at:   2021-12-21T23:59:59+00:00
Accession:  0001193125-21-363742
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.90
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1341439/000119312521363742/0001193125-21-363742-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1341439/000119312521363742/d235675d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-21-363742

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