Oracle to buy Textura for $663 million

Reuters News
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Posted: Apr 28, 2016 8:20 AM

(Reuters) - Oracle Corp <ORCL.N> said it would buy cloud-based payment management services provider Textura Corp <TXTR.N> for $663 million in cash.

The $26-per-share offer represents a premium of 30.7 percent to Textura's Wednesday closing.

(Story corrects to "Wednesday" from "Thursday" in second paragraph).

(Reporting by Rishika Sadam in Bengaluru; Editing by Saumyadeb Chakrabarty)