Wednesday, May 16, 2007

Oracle Buys Agile Software For $495M

San Jose-based Agile Software announced late yesterday that Oracle has agreed to acquire the company in a cash merger worth approximately $495M. Agile Software said that the deal is worth $8.10 per share of its stock, which is publicly traded on the NASDAQ as AGIL. Agile is a developer of product lifecycle management software, which is widely used for managing the manufacturing and engineering process for managing bill of materials, manufacturing and engineering processes, and design processes. The merger is expected to close in July, subject to stockholder and regulatory approval.