THIS STORY HAS BEEN FORMATTED FOR EASY PRINTING
Around the region

Phase Forward shareholders OK sale

By Associated Press
June 24, 2010

E-mail this article

Invalid E-mail address
Invalid E-mail address

Sending your article

Your article has been sent.

Text size +

WALTHAM — Phase Forward Inc. said yesterday its shareholders have approved the company’s sale to Redwood City, Calif.-based database software maker Oracle Corp. for $685 million.

Shareholders holding a majority of Phase Forward shares voted on Tuesday to approve the transaction, which is still awaiting regulatory clearance.

Oracle plans to merge Waltham-based Phase Forward into its Health Sciences unit. The deal was disclosed in April.

Shares in Phase Forward fell 2 cents to $16.61 on the Nasdaq stock market. Oracle shares slid 21 cents to $22.68.