The heat is on for software provider Retek (Quote, Chart) to make a
decision about the future of its business.
The Minnesota-based company is in the unlikely position of having the top
two ERP market leaders SAP (Quote, Chart) and Oracle (Quote, Chart)
fawn over its $174 million in annual revenue and products that serve the
retail industry. SAP's initial $496 million
offer in February was accepted by Retek but quickly countered by Oracle's $525 million bid this week.
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