Oracle waits on PeopleSoft stragglers
Print storyDeadline extended
Posted in Applications, 5th January 2005 18:21 GMT
Increase your knowledge of the latest threats to your busines
Oracle is still hunting for a few more PeopleSoft shares before it can officially close its acquisition of the company.
Oracle today extended its tender offer for PeopleSoft shares once again. The database giant made a similar move last week when it held 75 per cent of PeopleSoft's outstanding stock. It now has 89.4 per cent of the shares but needs 90 per cent to close the deal without holding a special shareholder meeting.
The offering period has now been extended from its original expiration last night to 8pm Eastern Time on Thursday. Without the 90 per cent of shares needed, Oracle would likely have to delay its buy of PeopleSoft by four to six weeks.
Oracle plans to discuss the merged company in detail with press, analysts, customers, partners and anyone else who will listen during a Jan. 18 web cast. ®
Related stories
OracleSoft coming out party set for Jan. 18
Oracle sends pesky PeopleSoft brass packing
Oracle completes regime change at PeopleSoft
PeopleSoft CEO abandons ship
See what The Register's experts have to say on application security
The Total Economic Impact of Dell's PC products and services
The best practices guide for application security
Certify your software integrity with Thawte code signing certificates
The future of SaaS and IT infrastructure management
The mandate for application security
Google code cloud punts on-demand embarrassment
Microsoft weighs next-phase in open-source support
iTunes minus the player: hack your Apple beats
Oracle plans cloud strategy