Oracle to buy network gear maker Acme Packet for $1.9 billion

Published February 04, 2013

| Reuters

Oracle Corp said it agreed to buy network gear maker Acme Packet Inc for about $1.9 billion.

The $29.25 per share offer is at a 22 percent premium to Acme Packet's Friday close on the Nasdaq.

(Reporting by Sayantani Ghosh in Bangalore; Editing by Sreejiraj Eluvangal)

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