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Oracle Buying Acme Packet for $1.7B

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  • Description

    FBN's Lori Rothman breaks down late-morning market news.

  • Duration 0:58
  • Date

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Solution.

I'm Lori Rothman -- your hot.

Freeze shares of -- pack games are surging today after Oracle announced it is buying networking equipment company price tag one point seven billion.

-- deal breaks down to 29 point five per share that's 20% premium to Acme Packet closing price Friday.

Oracle says it made -- move on actually it's basically an effort to capitalize on demand for all IP networks.

Clorox shares getting a nice -- here in the company's second quarter results topped expectations.

The console price may reflect a profit of ninety cents a share on revenue of one point 33 billion dollars that he had Clorox raised its full year earnings and sales.

We'll be looking -- -- fourth quarter earnings from Yum! Brands after the close today parent company of -- bell KFC Pizza -- I think there were profit of 82 cents a share on revenue of four point one billion and that is -- latest look at business in the Fox Business Network.

Giving -- the power front.

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