Sun Stockholders to Vote on Oracle Deal July 16
June 10th, 2009 by admin
Sun Microsystems stockholders will get their chance to vote on Oracle’s proposed $7.4 billion acquisition when they meet July 16 at Sun’s Santa Clara, Calif., campus. The deal would end more than seven months of negotiations between Sun and several interested suitors—including Oracle, IBM and HP—vying for Sun. Oracle CEO Larry Ellison has said his company will continue to invest in Sun’s Java technology, but there are questions around the future of Sun’s hardware business.