Monday, December 13, 2004

WSJ.com - Oracle Signs Definitive Merger Pact To Buy PeopleSoft for $10.3 Billion

WSJ.com - Oracle Signs Definitive Merger Pact To Buy PeopleSoft for $10.3 Billion: "After more than a year of legal wrangling, PeopleSoft Inc. agreed to be acquired by Oracle Corp. for $26.50 a share, or about $10.3 billion.
The agreement, which comes 18 months after Oracle launched its hostile-takeover bid for Pleasanton-based PeopleSoft, represents a $2.50 boost in Oracle's last offering price. The deal has the approval of the boards of both companies and should close by early January."

A very significant event, even if it has been something of a soap opera en route.
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