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Oracle Corporation (Nasdaq: ORCL) and Carleton Corporation (Nasdaq: CARL) have signed a definitive merger agreement for Oracle to acquire Carleton, an early innovator of data quality and mainframe data extraction software for customer-focused data warehousing applications. The acquisition will be effected through a cash merger pursuant to which holders of Carleton common stock will receive approximately $2.45 per share or $8.7 million in the aggregate. The parties anticipate closing the transaction by the end of February 2000, which is subject to approval by Carleton's stockholders and certain other closing conditions.
The Carleton acquisition enhances Oracle Warehouse, the industry's leading and most extensive solution for data warehousing and e- business intelligence applications. Specifically, Carleton's software will become a part of Oracle Warehouse Builder, a framework for designing, generating and loading enterprise data...