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06 Jun 2003
The cash tender offer amounts to $5.1bn, or $16 per share.
In a statement, Oracle said: 'PeopleSoft has recently signed a merger agreement with J.D. Edwards & Company that is subject to several conditions and is not scheduled to be completed until this fall. Once Oracle?s acquisition of PeopleSoft is complete, it will review whether, and on what terms, Oracle would support that transaction.'
'The acquisition of PeopleSoft will immediately make Oracle an even more profitable and competitive company,' said Oracle's chairman and CEO, Larry Ellison.
He added: 'Although we will not be actively selling PeopleSoft products to new customers, we will provide enhanced support for all PeopleSoft products. Furthermore, we will be incorporating the advanced features from the PeopleSoft products into future versions of the Oracle eBusiness Suite.'
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Briefings
By looking at the reasons supplier statements became unfashionable, and the reasons why it is different today, this paper delves into the many benefits that can be obtained by automating the process.
Having a real and true view of your organisation’s current financial position, and having the right systems and processes in place, will ensure that you can make strong choices and are ready to capitalise on opportunities
AccountancyAgeInsight is a frequently updated resource centre for finance professionals, offering a free and easy-to-use digital library of briefings, white papers and other information resources. 
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