NetSuite Shareholders Upset Over Merger Bid - (via NewsPoints Desk) July 28, 2016 Tags: NewsPoints NetSuite Oracle United States Corporate Affairs Mergers & Acquisitions
NetSuite shareholders are upset with the $9.3billion purchase of the company by Oracle. The shareholders contend that Larry Ellison who owns approx. 40% of NetSuite is having Oracle purchase his company where he will net over $3.5 billion, and that the purchase price is insufficient in light of the company's growth prospects.
NetSuite did not immediately respond to requests for a comment.
To contact the law firm handling on behalf of shareholders of NetSuite for more information call toll free 800.511.7037
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