Wait, don't miss out on the latest GovCon industry news!

Sign Up Now! GovCon Wire provides you with Daily Updates and News Briefings

*By clicking "Join us now" you agree to receive email, promotions and general messages from GovCon Wire, In addition, you also agree to GovCon Wire Privacy Policy and Terms & Conditions.

X Remind me Later

RightNow Stockholders Approve Oracle’s $1.4B Acquisition of Company

RightNow Technologies (NASDAQ: RNOW) stockholders voted to approve Oracle Corp.’s acquisition of RightNow (NASDAQ: ORCL) at a meeting Thursday.

Oracle agreed to buy RightNow in October for nearly $1.4 billion in cash, or $43.00 per share (see our previous story on TheNewNewInternet here).

RightNow’s federal customers include NASA, the Social Security Administration, the Customs and Border Protection and the Farm Service Agency.

RightNow said in a release that 99.8 percent of the shares voting approved the acquisition, representing nearly 87 percent of RightNow’s total outstanding shares of common stock as of Nov. 8, 2011.

“We look forward to working with Oracle to realize the significant value this combination will bring to our stockholders and all the new opportunities it will provide our dedicated employees, customers, and partners, ” RightNow CEO Greg Gianforte said.

GovCon Wire Logo

Sign Up Now! GovCon Wire provides you with Daily Updates and News Briefings about M&A Activity

Related Articles