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Oracle close to deal to acquire Cerner for more than $30 billion cash: WSJ

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Oracle Corp. ORCL, -6.39% is close to a deal to acquire electronic-medical-records company Cerner Corp. CERN, +12.93% for more than $30 billion in cash, the Wall Street Journal reported Monday, citing people familiar with the matter. The deal is expected to be announced later Monday and will value Cerner at $95 a share. The stock closed Friday at $89.77. Cerner shares were up 1.3% premarket while Oracle was down 0.5%.

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