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RightNow Stockholders Approve Merger With Oracle

By TechTaffy Desk

Techtaffy Newsdesk

RightNow Technologies’ stockholders voted overwhelmingly to approve the proposed merger with an indirect wholly owned subsidiary of Oracle Corporation at the company’s Special Meeting held today.

Approximately 99.8 per cent of the shares voted in favor of the approval and adoption of the merger agreement, which represented approximately 87.0 per cent of RightNow’s total outstanding shares of common stock as of the November 8, 2011 record date for the Special Meeting.

RightNow and Oracle entered into a definitive agreement for Oracle to acquire RightNow for $43.00 per share in cash, approximately $1.5 billion in total.

You may also want to read:  Oracle Buys RightNow For $1.5 Billion

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