Oracle Wins in Bid For Retek

Tuesday Mar 22nd 2005 by Staff

Offer of $11.25 per share wins out after rival SAP drops out of the bidding for the retail software play.


Oracle Corporation (Quote, Chart) won the bidding battle for retail software specialist Retek (Quote, Chart) with an offer of $11.25 per share after rival SAP dropped out of the bidding competition for the Minnesota-based company.

The deal's value is estimated to be about $630 million, based on Retek's estimated 56 million outstanding shares, and gives Oracle an even stronger position in the retail applications market.

The article continues at

Mobile Site | Full Site
Copyright 2017 © QuinStreet Inc. All Rights Reserved