Oracle Expects to Finalize Merger this Week

Tuesday Jan 4th 2005 by Staff

The company believes it will have the handful of remaining PeopleSoft shares needed for an accelerated takeover.

[From internetnews]

Oracle may be able to start its marriage with PeopleSoft as early as Thursday with the help of a handful of PeopleSoft shareholder converts.

A spokesman for Oracle said executives will issue a statement after markets close today, and noted that the company has likely acquired more than 90 percent of PeopleSoft shares, the number required for an accelerated takeover. The latest offering period expires today at 8 p.m. eastern time.

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