Oracle Plans On Buying Textra

The initial reports revels Oracle’s plan on acquiring Textra.

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Oracle Plans On Buying Textra © Daily Management Review

Rishika Sadam from Bengaluru, India reported to Reuters that the Oracle Corp are most likely to purchase the Textura Corp.

The latter is a provider of “cloud-based payment management services”. Moreover, the purchase deal is said to take place for a transaction of “$663 million in cash”.

The offer of “$26-per-share” is a representation of Textura’s closing stock balance on Thursday, 27th April 2013, whereby the figures are at “a premium of 30.7 percent”.

References: http://www.reuters.com/

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