Tara Lachapelle, Columnist

NetSuite Holders, Let It Go

Just take the money. It's a fair offer.

October 27, 2016 at 3:26 PM UTC

By Tara Lachapelle

Tara Lachapelle is a former Bloomberg Opinion columnist covering entertainment, telecommunications and deals.

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Try as they might, NetSuite Inc. shareholders haven't proven why they deserve more money in a sale to Oracle Corp. They have less than a week to accept reality -- that the $9.3 billion deal Larry Ellison put on the table is as good as it's going to get for any reasonable span of time.

Oracle offered $109 a share for NetSuite back in July, which drew both excitement and skepticism from investors. On the one hand, the price far exceeds the $75 average closing level for NetSuite's stock in the 100 days leading up to the deal. On the other, investors are bound to question a deal in which Ellison is a big shareholder of both the buyer and seller.1477578484231 But in the Oracle chairman's defense, the merger does make strategic sense and the offer is fair.