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Oracle closes deal to acquire OPOWER

Oracle Corp. on June 14 completed its deal to acquire OPOWER Inc. for a transaction value of $563.4 million.

The company offered $10.3 per share for the stake.

In addition to general closing conditions, the deal required additional review for antitrust concerns.

Weil Gotshal & Manges LLP was the legal adviser for Oracle.

Martin Wolf LLC, Morgan Stanley and Qatalyst Partners LP were the financial advisers for OPOWER, while Goodwin Procter LLP was the legal adviser.