US technology giant will buy ASX-listed construction software group Aconex in a $1.6 billion deal.
The deal, to be done under a scheme of arrangement, will see Oracle offer $7.80 a share for the Melbourne-based company, founded by Leigh Jasper and Rob Phillpot in 2000.
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James Thomson is senior Chanticleer columnist based in Melbourne. He was the Companies editor and editor of BRW Magazine. Connect with James on Twitter. Email James at j.thomson@afr.com
