Oracle's Waiting Game
August 11, 2003[From siliconvalley.internet.com]
Oracle (Quote, Company Info) extended its tender offer for Peoplesoft (Quote, Company Info) common stock Friday, giving shareholders of the Pleasanton, Calif.-based enterprise software vendor until September 19 to take advantage of its offer to buy their shares at around 8.5 percent.
It's the third time the Redwood Shores, Calif.-based software giant has extended the offer to buy shares, and it won't be the last.
So far, less than eleven percent of PSFT-owners have bit at the $19.50/share Oracle offer.
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