Oracle Extends Another Deadline

Friday Oct 10th 2003 by DatabaseJournal.com Staff
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The No. 2 software company postpones its $7.3 billion offer for PeopleSoft as an investigation by the Justice Department looms.

[From SiliconValley.internet.com]

Oracle (Quote, Chart) Friday postponed yet another deadline in its $7.3 billion takeover bid for applications rival PeopleSoft (Quote, Chart).

The Redwood Shores, Calif.-based software giant said it has extended its announced tender to midnight EST on Wednesday, December 31, 2003. Previously, the offer of $19.50 per share for all of the common stock of PeopleSoft was set to expire on Oct. 17.

The article continues at http://siliconvalley.internet.com/news/article.php/3090721

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