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The Long, Long Oracle-PeopleSoft Saga Could Yet Have Many Miles To Journey; But Clearing One Big Hurdle; Oracle's expected tender offer success eases that company's less-rocky road.(A)
Publication: Investor's Business Daily Publication Date: 22-NOV-04 |
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COPYRIGHT 2004 Investor's Business Daily, Inc.
Byline: J. BONASIA
How many tricks does Larry Ellison have up his sleeve?
The oracle of Oracle seems to have pulled another rabbit out of his hat in his quest to buy rival PeopleSoft. A majority of PeopleSoft shareholders appeared poised Friday to accept Oracle's offer of $24 per share, though two analysts said it would be close. (Oracle planned to reveal results of its tender offer at about midnight, after press time.)
It's expected Oracle got 50%-plus of PeopleSoft shares tendered, thus setting up the stretch run in a...
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