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Sun Microsystems jumps as EU warms to Oracle bid
NEW YORK |
NEW YORK (Reuters) - Shares of Sun Microsystems Inc JAVA.O rose 10.1 percent to $9.20 in premarket trade on Monday as EU regulators signaled they could clear Oracle Corp's (ORCL.O) $7 billion takeover bid.
The move came after the U.S. software company promised measures to ease competition concerns.
(Reporting by Edward Krudy; Editing by Theodore d'Afflisio)
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