Oracle to Buy Siebel in $5.9 Billion Deal

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Oracle (ORCL ) agreed to acquire Siebel Systems (SEBL ) in a deal valued at about $5.85 billion, at $10.66 cash per Siebel Systems share. Separately, the Wall Street Journal reported that Oracle CEO Lawrence Ellison is to pay $100 million to charity to resolve a lawsuit charging that he engaged in insider trading in 2001.

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