Shares of Oracle (ORCL) have risen some 4.5% so far in 2013. The provider of enterprise software services and computer hardware devices benefited of a strong general market sentiment. On top of that, Oracle recently announced the acquisition of Acme Packet (APKT), a leader in session delivery network solutions.
The Deal
Oracle announced that is has agreed to acquire Acme Packet, a leader in session delivery network solutions for the delivery of next-generation voice, video, data and unified communication services across IP networks. Oracle will pay $29.25 per share in cash for every share of Acme, thereby offering a 22.2% premium to Acme's shareholders. While Oracle pays a substantial premium, shares of Acme are still trading 65% below the high of $83 set as recent as April of 2011.
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