December 17, 2017 / 9:24 PM / 7 months ago

Aconex receives $1.19 bln takeover offer from Oracle Corp

Dec 18 (Reuters) - Aconex Ltd said on Monday it had received a A$1.56 billion ($1.19 billion), A$7.80 in cash per share, buyout offer from U.S. software major Oracle Corp .

Aconex said in a statement its directors had unanimously recommended the offer.

Shareholders of the cloud software provider are scheduled to vote on the offer at a scheme meeting in March next year.

$1 = 1.3074 Australian dollars Reporting by Aaron Saldanha in Bengaluru, editing by David Evans

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