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©iStock.com\/maybefalse<\/em><\/p>\n Oracle has announced the completion of cloud ERP software provider NetSuite for $9.3 billion after shareholders approved the transaction.<\/p>\n In a short note issued earlier this week<\/a>, the company confirmed that the acquisition would be completed by November 7, after a small majority – 53% – of NetSuite shares had been tendered in favour of the agreement. The original tender date expired on November 4, while the Department of Justice approved the deal in September.<\/p>\n The deal has not been without its hiccups, however. T. Rowe Price, a NetSuite shareholder, warned Oracle to up its offer from $109 per share cash to $133 per share. A month ago, Oracle showed its hand and announced a final extension of its tender offer, noting: “In the event that a majority of NetSuite’s unaffiliated shareholders do not tender sufficient shares to reach the minimum tender condition, Oracle will respect the will of NetSuite’s unaffiliated shareholders and terminate its proposed acquisition.”<\/p>\n Speaking to this publication when the deal was originally announced in July<\/a>, John Dinsdale, chief analyst and managing director of Synergy Research, explained how the acquisition would strengthen Oracle’s cloud story. “It will push Oracle a couple of places higher in the enterprise SaaS market share rankings and will strengthen its position as one of the two leading ERP SaaS vendors, alongside SAP,” he said.<\/p>\n