Oracle extends Cerner tender offer for 2nd time

Oracle extended its tender offer for its proposed acquisition of Cerner for a second time, the company said March 15.

On Feb. 11, four days before the tender offer was originally set to expire, Oracle extended it to March 16. In its March 15 announcement, the company said it is extending the tender offer to April 13 "to allow additional time for the satisfaction of the remaining conditions to the tender offer."

On Dec. 20, Oracle announced its agreement to acquire Cerner through an all-cash tender offer for $95 per share, or about $28.5 billion in equity value. Except for the extension, all terms and conditions of the tender offer remain unchanged.

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