Oracle to Buy Art Tech for $1 Billion in Cash (ORCL)

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Enterprise software giant Oracle Corporation ( ORCL ) on Tuesday said it would buy fellow business software maker Art Technology Group ( ARTG ) for $1 billion in cash.

The $6 per-share offer represents a 46% upside to ARTG's Monday closing price of $4.10 per share.

The merger has been approved by both companies' boards, but still requires regulatory and shareholder approval. The deal is expected to close by early 2011.


Oracle shares rose 33 cents, or +1.1%, in premarket trading Tuesday.

The Bottom Line
Shares of Oracle ( ORCL ) have a .69% dividend yield, based on last night's closing stock price of $29.13. The stock has technical support in the $26 price area. If the shares can firm up, we see overhead resistance around the $35 price levels.

Oracle Corporation ( ORCL ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

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This article appears in: Investing , Stocks

Referenced Stocks: ARTG , ORCL

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