NetSuite gobble? We'd walk
Oracle has extended the expiration date of its tender offer for the acquisition of NetSuite to November 4, 2016, but says this will be its final extension and that it will "terminate its proposed acquisition" if the deal can't be done by its new deadline.
Big Red's US$9.3bn offer has been resisted by shareholders who feel it undervalues the company.
Oracle first set October 6th as a deadline but clearly was not able to close the deal on that date, as its statement indicates that plenty of NetSuite shareholders haven't signed over their scrip.
Oracle's not increased its offer from its initial $109 a share, making it hard to know just what would motivate NetSuite shareholders to acquiesce to the deal. ®