(Bloomberg) -- NetSuite Inc. shareholders endorsed Oracle Corp.’s bid for the software provider, clearing the path for the $9 billion acquisition after weeks of conflict between a large investor and executives over the price tag.
The deal received approval from 53 percent, or 21.78 million shares, of NetSuite stockholders that were eligible to endorse the bid, Oracle said Saturday in a statement. The approval comes after T. Rowe Price, which recently held about 18 percent of the stock, publicly pushed back against the offer of $109 per share, saying $133 would be a fairer price. An Oracle executive had said the offer was final.
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