Oracle restates offer for PeopleSoft
Oracle has filed an amended and restated offer to purchase PeopleSoft with US regulator the Securities and Exchange Commission.
In a statement the company said that it is undaunted by PeopleSoft’s recent merger with JD Edwards.
‘Oracle’s filing reaffirms the company’s intention to continue its offer for PeopleSoft, following the completion of PeopleSoft’s exchange offer for JD Edwards & Company,’ Oracle said.
As part of this filing, Oracle said it has eliminated the condition requiring its consent for any amendment to the merger agreement between PeopleSoft and JD Edwards