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Oracle Agrees to Buy Acme Packet for $2.1 Billion in Cash

Oracle Corp., the second-largest maker of business applications, agreed to acquire Acme Packet Inc. for $2.1 billion, gaining networking gear that helps corporations securely transmit information over the Internet.

Oracle will pay $29.25 a share in cash, according to a statement today. That marks a 22 percent premium over Acme’s stock price on Feb. 1, the last trading day before the deal was announced. Excluding Acme’s cash, Oracle is paying $1.7 billion.