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Oracle to buy network gear maker Acme Packet for $1.9 billion

04/02/2013 - 14:06

(Reuters) - Oracle Corp said it agreed to buy network gear maker Acme Packet Inc for about $1.9 billion.

The $29.25 per share offer is at a 22 percent premium to Acme Packet's Friday close on the Nasdaq.

(Reporting by Sayantani Ghosh in Bangalore; Editing by Sreejiraj Eluvangal)