Oracle Set to Conclude Merger

Friday Jan 7th 2005 by Staff

PeopleSoft becomes a wholly-owned subsidiary.


Oracle (Quote, Chart) is claiming victory in its 18-month pursuit of PeopleSoft (Quote, Chart), saying enough stockholders tendered their shares in the takeover deal.

The acquisition creates the second largest purveyor of enterprise resource planning software (ERP) behind market leader SAP AG (Quote, Chart)

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