Oracle's Waiting Game

Monday Aug 11th 2003 by Staff

The company's extension of its tender offer for Peoplesoft common stock won't be the last. With billions in the bank, Larry can wait. And wait. And wait.


Oracle (Quote, Company Info) extended its tender offer for Peoplesoft (Quote, Company Info) common stock Friday, giving shareholders of the Pleasanton, Calif.-based enterprise software vendor until September 19 to take advantage of its offer to buy their shares at around 8.5 percent.

It's the third time the Redwood Shores, Calif.-based software giant has extended the offer to buy shares, and it won't be the last.

So far, less than eleven percent of PSFT-owners have bit at the $19.50/share Oracle offer.

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