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Sun Micro up after Oracle says it will buy it
NEW YORK |
NEW YORK (Reuters) - Shares of Sun Microsystems JAVA.O rose in premarket trade on Monday, after Oracle Corp (ORCL.O) said it would buy the company for $9.50 a share in cash.
Shares of Sun surged 27.1 percent to $8.50 before the bell, while Oracle shares were down 4.2 percent to $18.25.
(Reporting by Ryan Vlastelica, Editing by Walker Simon)
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