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.

You may also be interested in...

RENK to Buy L3Harris’ Combat Propulsion Systems, Magnet-Motor Businesses; Florian Hofbauer Quoted

RENK, a Germany-based maker of automatic transmissions and gear units for military vehicles, has agreed …

COMSovereign Expands Aerial Platform Business Through Sky Sapience Acquisition; Dan Hodges Quoted

Dallas-based communications technology company COMSovereign Holding (Nasdaq: COMS) has acquired Israel-based aerial rotorcraft developer Sky …