FedScoop: Oracle extends $28.3B offer to acquire electronic health records company Cerner for third time

“Cloud giant Oracle on Monday extended the terms of its $28.3 billion offer to acquire Cerner for a third time.

In a press release, the company said it had amended the expiry deadline of its prior all-cash offer of $95 per share for all outstanding shares of common stock in the medical records company until 12 a.m. EST at the end of May 11…”

“Both parties are waiting for clearance from U.S. antitrust authorities for the deal to go ahead. So far, regulators in Canada, Germany and Romania have approved the transaction…”

“If the deal concludes, it will be the biggest ever for Oracle, which has a market value of more than $280 billion…” Read the full article here.

Source: Oracle extends $28.3B offer to acquire electronic health records company Cerner for third time – By John Hewitt Jones, April 12, 2022. FedScoop.

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