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REDWOOD SHORES, Calif.,
18-APR-2007 05:05 PM
Oracle today announced that it has completed its
tender offer for Hyperion Solutions Corporation. The subsequent
offering period for the offer expired at 5:00 p.m., New York City time,
on April 18, 2007. Oracle purchased a total of 55,703,835 shares in the
offer, representing approximately 91.3% of the shares outstanding.
Oracle also announced that the closing of
the second and final step of its acquisition of Hyperion will occur on
April 19, 2007. As a result of the merger, all remaining outstanding
Hyperion shares will be cancelled and converted into the right to
receive the price paid in the tender offer of $52.00 per share, net to
the seller in cash without interest, less any required withholding
taxes. After the completion of the merger, Hyperion will be a
wholly-owned subsidiary of Oracle.
About Oracle
Oracle (NASDAQ GS: ORCL) is the world's largest enterprise software
company. For more information about Oracle, please visit our Web site
at http://www.oracle.com
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Trademarks
Oracle is a registered trademark of Oracle Corporation and/or its
affiliates. Other names may be trademarks of their respective owners.
Cautionary Statement Regarding
Forward-Looking
Statements
This document contains certain forward-looking statements about Oracle
and Hyperion. When used in this document, the words "anticipates",
"may", "can", "believes", "expects", "projects", "intends", "likely",
similar expressions and any other statements that are not historical
facts, in each case as they relate to Oracle and Hyperion, the
management of either such company or the transaction are intended to
identify those assertions as forward-looking statements. In making any
such statements, the person making them believes that its expectations
are based on reasonable assumptions. However, any such statement may be
influenced by factors that could cause actual outcomes and results to
be materially different from those projected or anticipated. These
forward-looking statements are subject to numerous risks and
uncertainties. There are various important factors that could cause
actual results to differ materially from those in any such
forward-looking statements, many of which are beyond the control of
Oracle and Hyperion, including: the impact of general economic
conditions in regions in which either such company currently does
business, industry conditions, including competition, fluctuations in
exchange rates and currency values, capital expenditure requirements,
legislative or regulatory requirements, changes in the tax laws,
interest rates and access to capital markets. The actual results or
performance by Oracle or Hyperion could differ materially from those
expressed in, or implied by, these forward-looking statements.
Accordingly, no assurances can be given that any of the events
anticipated by the forward-looking statements will transpire or occur,
or if any of them do so, what impact they will have on the results of
operations or financial condition of Oracle or Hyperion.
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