Delayed Nyse  -  04:03 2022-08-12 pm EDT
79.15 USD   +2.58%
08/12Guggenheim Starts Oracle at Buy With $107 Price Target
08/11Adept Builds a Powerful AI Teammate for Everyone with Oracle and NVIDIA
08/11ORACLE : Centroid is Trailblazing with a Strategic Cloud Managed Services Provider (MSP) Partnership with Oracle to Unleash the Power of Customer Cloud-Driven Transformations
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Oracle Completes Acquisition of Cerner

06/08/2022 | 04:44am EDT

Oracle Corporation (NYSE: ORCL) announced that a majority of the outstanding shares (the 'Shares') of Cerner Corporation (Nasdaq: CERN) were validly tendered, and the other conditions to the tender offer have been satisfied or waived.

The deal will close on June 8, 2022. American Stock Transfer & Trust Company LLC, the depositary for the tender offer, has indicated that as of 12:00 midnight, Eastern time, at the end of the day on June 6, 2022, approximately 204,280,589 Shares, or 69.2% of the total Shares, have been validly tendered.

Larry Ellison, Oracle's Chairman of the Board and Chief Technology Officer, will outline Oracle's strategy to redefine the future of healthcare at a virtual event on June 9, 2022, at 3:00 p.m. CT. Register for the event.

Contact Info

Michael Egbert

Oracle Corporate Communications

About Oracle

Oracle offers integrated suites of applications plus secure, autonomous infrastructure in the Oracle Cloud. For more information about Oracle (NYSE: ORCL), please visit us at


Oracle, Java, and MySQL are registered trademarks of Oracle Corporation.

Cautionary Statement Regarding Forward-Looking Statements

This document may contain certain forward-looking statements about Oracle and Cerner, including statements that involve risks and uncertainties concerning Oracle's proposed acquisition of Cerner, anticipated customer benefits and general business outlook. When used in this document, the words 'can', 'will', 'expect', 'opportunity', 'promises', 'goal' and similar expressions and any other statements that are not historical facts are intended to identify those assertions as forward-looking statements. Any such statement may be influenced by a variety of factors, many of which are beyond the control of Oracle or Cerner, that could cause actual outcomes and results to be materially different from those projected, described, expressed or implied in this document due to a number of risks and uncertainties. Potential risks and uncertainties include, among others, the possibilities that the transaction will not close or that the closing may be delayed, that the anticipated synergies may not be achieved after closing, and that the combined operations may not be successfully integrated in a timely manner, if at all; general economic conditions in regions in which either company does business; the impact of the COVID-19 pandemic on how Oracle, Cerner and their respective customers are operating their businesses and the duration and extent to which the pandemic will impact Oracle's or Cerner's future results of operations; and the possibility that Oracle or Cerner may be adversely affected by other economic, business, and/or competitive factors. Accordingly, no assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what impact they will have on the results of operations or financial condition of Oracle or Cerner.

In addition, please refer to the documents that Oracle and Cerner, respectively, file with the Securities and Exchange Commission on Forms 10-K, 10-Q and 8-K. These filings identify and address other important factors that could cause Oracle's and Cerner's respective operational and other results to differ materially from those contained in the forward-looking statements set forth in this document. You are cautioned to not place undue reliance on forward-looking statements, which speak only as of the date of this document. Except as required by law, neither Oracle nor Cerner is under any duty to update any of the information in this document.

(C) 2022 Electronic News Publishing, source ENP Newswire

Stocks mentioned in the article
ChangeLast1st jan.
ORACLE CORPORATION 2.58% 79.15 Delayed Quote.-9.24%
08/12Guggenheim Starts Oracle at Buy With $107 Price Target
08/11Adept Builds a Powerful AI Teammate for Everyone with Oracle and NVIDIA
08/11ORACLE : Centroid is Trailblazing with a Strategic Cloud Managed Services Provider (MSP) P..
08/10Oracle Signs New Five-Year Cloud Deal With AT&T
08/10Oracle Extends AT&T Cloud Agreement With New Five-Year Deal
08/10Oracle Extends AT&T Cloud Agreement with New Five-Year Deal
08/10Oracle Automates the Tasks Sellers Despise with Next Generation CRM
08/10New Oracle survey shows fans want tech to cut waits and boost interactions with favorit..
08/09Oracle and Infstones Collaborate to Accelerate Web3 Development
08/09Anaconda Inc. Announces Strategic Cloud Partnership with Oracle to Enable Seamless, Sec..
More news
Analyst Recommendations on ORACLE CORPORATION
More recommendations
Financials (USD)
Sales 2023 49 821 M - -
Net income 2023 11 043 M - -
Net Debt 2023 63 501 M - -
P/E ratio 2023 19,7x
Yield 2023 1,63%
Capitalization 211 B 211 B -
EV / Sales 2023 5,51x
EV / Sales 2024 5,05x
Nbr of Employees 143 000
Free-Float 56,7%
Duration : Period :
Oracle Corporation Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends ORACLE CORPORATION
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus OUTPERFORM
Number of Analysts 29
Last Close Price 79,15 $
Average target price 87,22 $
Spread / Average Target 10,2%
EPS Revisions
Managers and Directors
Safra Ada Catz Chief Executive Officer & Director
Lawrence Joseph Ellison Chairman & Chief Technology Officer
Michael J. Boskin Independent Director
Jeffrey S. Berg Independent Director
Naomi O. Seligman Independent Director
Sector and Competitors
1st jan.Capi. (M$)
SAP SE-25.52%111 605
SERVICENOW INC.-21.97%102 120
HUBSPOT, INC.-41.20%18 612