Go Back > Forum > General Topics > General Discussion & Chat

User login

Frontpage Sponsor


Google search

For ERP LN feature pack upgrade, what method of install are you using?
Installation Wizard into existing VRC
Installation Wizard into new VRC
Manual into existing VRC
Manual into new VRC
Total votes: 49

Baanboard at LinkedIn

Reference Content

Thread Tools Display Modes
Old 13th December 2004, 13:40
Flip_J's Avatar
Flip_J Flip_J is offline
Join Date: May 2002
Location: South Africa
Posts: 435
Flip_J is on a distinguished road
Baan: All - DB: - - OS: -
Oracle, PeopleSoft agree merger terms

Anyone else think that JDE is coming SSA's way now??

Oracle, PeopleSoft agree merger terms
Litigation cancelled as $26.50 per share cash offer is approved by boards
By Madeleine Acey,
Last Update: 6:55 AM ET Dec. 13, 2004
E-mail it | Print | Alert | Reprint | RSS

LONDON (CBS.MW) - PeopleSoft Inc. on Monday said its board had agreed to $10.3 billion takeover terms from Oracle Corp. ending a year and half of a bitter acquisition battle.

PeopleSoft (PSFT: news, chart, profile) secured a final price of $26.50 per share in cash. Oracle's (ORCL: news, chart, profile) last offer had been for $24 a share. Oracle said on Monday the deal should be completed by early January.

PeopleSoft's board has spurned five Oracle takeover bids during the past 18-months and maintained that the $24 offer didn't value the company fairly. The companies had been due to face off yet again in a Delaware courtroom this week as a judge was set to consider Oracle's request to ban PeopleSoft's "poison pill" takeover defense.

PeopleSoft shares were bid up 9 percent in speculative pre-open trade at $26.10.

PeopleSoft's last word on the Oracle battle on Friday had been that it would hold its annual shareholder meeting on March 25 and nominated four current directors for contested board seats, setting the stage for a final showdown with the larger company which had nominated candidates of its own to secure the boardroom.

"After careful consideration, we believe this revised offer provides good value for PeopleSoft stockholders and represents a substantial increase in value from October," PeopleSoft said. "PeopleSoft is a strong and vibrant company. Our fourth quarter numbers have been running ahead of plan."

Oracle and PeopleSoft will each stay all pending litigation and will dismiss such litigation permanently following the consummation of the offer. The offer, PeopleSoft said, is subject to at least a majority of the fully diluted outstanding shares being tendered.

Oracle said it sees earnings boosted by 1 cent a share in the fiscal fourth quarter after the deal, and by 8 cents a year in fiscal 2006.

Oracle on Friday moved up its second-quarter reporting to early Monday, it had been scheduled for Thursday.

The company said net income rose to $815 million, or 16 cents per share, from $617 million, or 12 cents per share, in the year-earlier quarter. Overall revenue for the period jumped 10 percent to $2.76 billion and software revenue increased 13 percent to $2.22 billion. Analysts polled by Thompson First Call had expected EPS of 14 cents per share on revenue of $2.6 billion. Oracle said second-quarter operating margin rose to 41 percent versus 37 percent last year.

Oracle shares closed down 0.08 percent on Friday at $13.28.
Reply With Quote
Old 13th December 2004, 14:39
Francesco's Avatar
Francesco Francesco is offline
Join Date: Aug 2001
Location: Antwerp, BE
Posts: 727
Francesco is on a distinguished road
Baan: 5b - DB: Oracle - OS: Solaris
Speculations, speculations...

I don't know about JDE, but I think this is great news for Pronto and Compiere


Admiral Business Solutions | My World | Baan Board | IT Happens!

"If everyone is thinking alike, then somebody isn't thinking" -- George Patton
"It's easy to cry 'bug' when the truth is that you've got a complex system and sometimes it takes a while to get all the components to co-exist peacefully." -- Doug Vargas
Reply With Quote
Sponsored Links

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is Off
HTML code is Off
Forum Jump

Similar Threads
Thread Thread Starter Forum Replies Last Post
Baan vs SAP, Peoplesoft, JDE, Oracle etc NPRao Baan vs SAP, Peoplesoft, JDE, Oracle etc 4 7th October 2010 15:35
PeopleSoft: Beaten but Not Quitting Flip_J General Discussion & Chat 10 13th December 2004 19:23
Hmmm Interesting times Flip_J General Discussion & Chat 11 2nd July 2003 20:22
Peoplesoft aquires JDEdwars.Any Comments on this interesting merger? RAMSBaan Baan vs SAP, Peoplesoft, JDE, Oracle etc 1 5th June 2003 02:53
Error installing B4c4 with Oracle 8.1.7 on NT syllepage Tools Administration & Installation 2 22nd July 2002 13:52

All times are GMT +2. The time now is 23:42.

©2001-2018 - -