PeopleSoft disclosed that it would purchase JD Edwards for $1.75bn (£1.04bn) made up of $863m in cash and 52.6 million in newly issued PeopleSoft shares and said it planned to complete the transaction by the third quarter of 2003.
The amended agreement, promises a win for stockholders, customers and employees of both companies and is designed to ‘minimise customer uncertainty arising from Oracle’s recent tender offer’.
JD Edwards stockholders will have the option of choosing either cash or PeopleSoft shares.
In the last few days PeopleSoft and JD Edwards have both launched lawsuits against Oracle claiming its offer to buy PeopleSoft was aimed at disrupting the sale.
Does Darwin's theory apply to taxation? Colin ponders...
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Accountancy watchdog the FRC has dropped its investigation into the former chief financial officer of Tesco, nearly two years after the supermarket was engulfed in an accounting scandal
Colin imagines how Apple's logo might change in the wake of the EC's ruling over its Irish tax arrangements