Acme Packet Inc. (APKT) announced Monday morning that it agreed to be acquired by Oracle Corp. (ORCL) for $29.25 per share in cash, or $2.1 billion. The transaction is expected to close in the first half of 2013.
Acme Packet gapped open dramatically higher Monday, but moved in a narrow range throughout the session. The stock finished up by 5.66 at $29.59 on the highest volume of the year and jumped to a 9-month high.
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Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.