Once again local media is forced to do a silly dance for the entertainment of the ruling corporate elite.
Fact . . .
Oracle is wonderfully ruthless and they have a reputation for making A TON OF MONEY by way of massive firings amid their acquisitions.
Of course they've made promises and provide false hope to desperate workers and politicos.
However . . .
The reality is one of Kansas City's biggest private employers is likely going to lose a great many workers in the aftermath of the buyout.
Here are the basics . . .
Austin, Texas-based Oracle offered $95 cash for each share of Cerner stock in the deal. Oracle’s tender offer — a public effort to solicit shares at a set price — expired at midnight Monday (Eastern time). At that time, 69.2% or 204,280,589 of Cerner’s shares had been tendered.
Read more via www.TonysKansasCity.com link . . .
by: Paul Thompson - Business Journal Posted: Updated: Oracle Corp.'s $28.3 billion acquisition of Cerner Corp. is complete and set to formally close Wednesday, according to a Tuesday announcement. The deal was first reported in December and has been approaching the finish line for weeks.