Shares of Oracle Corporation (NYSE:ORCL) ended Friday session in red amid volatile trading. The shares closed down -0.69 points or -1.69% at $40.03 with 14.48 million shares getting traded. Post opening the session at $40.33, the shares hit an intraday low of $40.03 and an intraday high of $40.74 and the price vacillated in this range throughout the day. The company has a market cap of $162.24 billion and the numbers of outstanding shares have been calculated to be 4.12 billion shares.
Oracle Corporation (ORCL) on Sept. 9, 2016 announced that it has extended its tender offer in connection with the acquisition of NetSuite Inc. (NYSE:N) until October 6, 2016 to facilitate the completion of outstanding antitrust reviews that are necessary before the tender offer can be consummated.
In accordance with the terms of its merger agreement with NetSuite, to facilitate the review of the tender offer and the proposed acquisition by the Antitrust Division of the Department of Justice and the Cyprus Commission for the Protection of Competition, Napa Acquisition Corporation, a subsidiary of OC Acquisition LLC, a subsidiary of Oracle Corporation, has extended its all-cash tender offer for $109.00 per share for all of the issued and outstanding shares of common stock, par value of $0.01 per share (the “Shares”), of NetSuite Inc. to 12:00 Midnight, Eastern time, at the end of October 6, 2016, unless further extended. The tender offer was previously set to expire at 12:00 Midnight, Eastern time, at the end of September 15, 2016. Except for the extension of the tender offer, all other terms and conditions of the tender offer remain unchanged.
American Stock Transfer & Trust Company LLC, the depositary for the tender offer, has indicated that as of 12:00 Midnight, Eastern time, at the end of September 8, 2016, approximately 81,176,835 Shares were issued and outstanding, and 32,132,178 Shares have been tendered into and not properly withdrawn from the tender offer (including 0 Shares tendered pursuant to the guaranteed delivery procedures set forth in the Offer to Purchase).
Shares of Corning Incorporated (NYSE:GLW) ended Friday session in red amid volatile trading. The shares closed down -0.38 points or -1.67% at $22.38 with 14.00 million shares getting traded. Post opening the session at $22.59, the shares hit an intraday low of $22.30 and an intraday high of $22.64 and the price vacillated in this range throughout the day. The company has a market cap of $22.82 billion and the numbers of outstanding shares have been calculated to be 1.04 billion shares.
Corning Incorporated (GLW) on AUGUST 30, 2016 announced its groundbreaking innovation – Corning® Gorilla® Glass SR+. Specifically designed for wearable devices, this new glass composite significantly reduces visible scratches while delivering the toughness, optical clarity and touch sensitivity that make Gorilla Glass famous.
With rigorous daily activity, consumers put their wearable devices to the test, leaving them exposed to damage. To overcome the challenges facing the screens on these devices, Corning scientists developed a new glass composite engineered to better endure the bumps, knocks and scrapes wearables encounter while maintaining the optical clarity and touch sensitivity required for on-the-go connectivity.
In a league of its own
In lab tests, Corning Gorilla Glass SR+ demonstrated superior scratch resistance approaching that of alternative luxury cover materials, while delivering up to 70 percent better damage resistance against impacts and 25 percent better surface reflection than those alternative materials. Such step improvements in optical performance enable longer battery life and improved outdoor readability.
“In early 2015, Corning launched Project Phire with the goal of engineering glass-based solutions with the scratch resistance approaching luxury cover materials, combined with the superior damage resistance of Gorilla Glass,” said Scott Forester, director, innovation products, Corning Gorilla Glass. “Corning Gorilla Glass SR+ delivers a superior combination of properties that is not available in any other material – it is in a class of its own.”
Leveraging its strengths in glass science and fusion manufacturing, Corning leads the cover glass industry it created nearly 10 years ago. Corning Gorilla Glass has been used on more than 4.5 billion devices worldwide, including more than 1,800 product models across 40 major brands. With the introduction of Corning Gorilla Glass SR+, the one company that has been innovating with glass for 165 years offers manufacturers of wearable devices a clear alternative to luxury cover materials.