Aconex Ltd (ASX:ACX) Board Recommends Acquisition Proposal by Oracle (NYSE:ORCL)
Aconex Limited (ASX:ACX), a leading cloud-based solution that manages team collaboration for construction projects, today announced that it has entered into a binding Scheme Implementation Deed with Oracle (NYSE:ORCL) for A$7.80 per share in cash. The transaction is valued at approximately A$1.6 billion (US$1.2 billion), net of Aconex cash.