UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant To Section 13 OR 15(d) of the
Securities Exchange Act of 1934
Date of report (Date of earliest event reported): August 14, 2006
Oracle Corporation
(Exact Name of Registrant
as Specified in Charter)
| |
|
|
|
|
Delaware
(State or Other Jurisdiction of Incorporation)
|
|
000-51788
(Commission File Number)
|
|
54-2185193
(IRS Employer Identification No.) |
| |
|
|
|
|
500 Oracle Parkway, Redwood City, CA
(Address of Principal Executive Offices)
|
|
|
|
94065
(Zip Code) |
Registrant’s telephone number, including area code: (650) 506-7000
N/A
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following provisions (see General
Instruction A.2. below):
| |
|
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| |
| |
|
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| |
| |
|
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b)) |
| |
| |
|
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c)) |
TABLE OF CONTENTS
Section 8 — Other Events
Item 8.01 Other Events
On August 14, 2006, Oracle agreed to invest approximately US$125 million in i-flex solutions
limited (“i-flex”) (Bombay Stock Exchange: IFLX.BO and National Stock Exchange of India: IFLX.NS)
to fund growth initiatives, including i-flex’s pending acquisition of Mantas, Inc.
i-flex will issue approximately 4.45 million equity shares to Oracle under a preferential
allotment at a purchase price of Rs. 1,307.50 per share. Upon completion of the preferential
allotment, Oracle’s ownership in i-flex is expected to increase from the current 52.5% to 55.1%.
The preferential allotment is subject to approval by an Extraordinary General Meeting (EGM) of
i-flex shareholders to be held on Tuesday, September 12, 2006.
As required by Indian law, following the preferential allotment, Oracle will be required to
make a mandatory open offer to purchase up to an additional 20 percent of the shares outstanding
from the remaining i-flex shareholders at a price of Rs. 1,475.00 per share. If the open offer is
fully subscribed, the aggregate consideration for the open offer would be approximately $515
million.
On August 14, 2006, Oracle issued a press release announcing its agreement to invest further
in i-flex, which is attached hereto as Exhibit 99.1
Section 9 — Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits
(d) Exhibits
| |
|
|
99.1
|
|
Press Release dated August 14, 2006. |