April 28, 2016 / 12:38 PM / in a year

Oracle to buy Textura for $663 million

(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 Oracle logo is seen on its campus in Redwood City, California June 15, 2015. REUTERS/Robert Galbraith

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

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