Oracle to Pay $95 per Share for Cerner

This morning, we’re getting more details on the Oracle (ORCL)/Cerner (CERN) deal. Oracle is expected to pay more than $30 billion for Cerner. The deal will be all cash at $95 per share. The deal includes Cerner’s debt. Currently, Cerner is trading for $90.63 per share which is up about 1%.

The stock market is down this morning. Some commentators are pointing fingers at the failure of President Biden’s Build Back Better plan. On Sunday, Senator Joe Manchin announced his opposition to the bill.

The stock market has been down as much as 1.74% this morning. As I write this, the High Beta Index is off by 2.32% while Low Vol is down by 1.09%.

Posted by on December 20th, 2021 at 10:51 am


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