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Oracle Wins in Bid For Retek

Written By

Mar 22, 2005

1 minute read

Oracle Corporation (Quote, Chart) won the bidding battle for retail software specialist Retek (Quote, Chart) with an offer of $11.25 per share after rival SAP dropped out of the bidding competition for the Minnesota-based company.

The deal’s value is estimated to be about $630 million, based on Retek’s estimated 56 million outstanding shares, and gives Oracle an even stronger position in the retail applications market.

The article continues at

http://internetnews.com/ent-news/article.php/3491786

DatabaseJournal.com Staff

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Oracle Wins in Bid For Retek

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