Oracle Confirms Resolve to Complete PeopleSoft Acquisition

REDWOOD SHORES, Calif., June 24 /PRNewswire-FirstCall/ -- Oracle Corporation today announced that, with respect to its tender offer for PeopleSoft, Inc. , it has waived the condition requiring its consent to the Amended and Restated Agreement and Plan of Merger and Reorganization dated as of June 16, 2003 by and among PeopleSoft, J.D. Edwards & Company and Jersey Acquisition Company. This condition is not waived with respect to any subsequent amendments that the parties may enter into.

(Photo: http://www.newscom.com/cgi-bin/prnh/20020718/ORCLLOGO )

"Although we have provided this waiver, we continue to view the amended merger agreement as an unlawful device to deprive PeopleSoft shareholders of their right to vote with respect to the J.D. Edwards merger," said Oracle spokesperson, Jim Finn. "The condition we have now waived was identified by the PeopleSoft board of directors as an important reason in declining to pursue discussions with us. We hope that with this waiver, PeopleSoft will finally agree to meet with us, as their shareholders are demanding."

The solicitation and the offer to buy PeopleSoft's common stock is only made pursuant to the Offer to Purchase and related materials that Oracle Corporation and Pepper Acquisition Corp. filed on June 9, 2003, as amended June 18, 2003. Stockholders should read the Offer to Purchase and related materials carefully because they contain important information, including the terms and conditions of the offer. Stockholders can obtain the Offer to Purchase and related materials free at the SEC's website at http://www.sec.gov/, from Credit Suisse First Boston LLC, the Dealer Manager for the offer, from MacKenzie Partners, the Information Agent for the offer, or from Oracle Corporation.

CONTACT: Jennifer Glass of Oracle Corp., +1-650-633-6192, or
Email Contact

Web site: http://www.oracle.com/




Review Article Be the first to review this article
Autodesk - DelCAM

Featured Video
Editorial
Jeff RoweJeff's MCAD Blogging
by Jeff Rowe
Hexagon’s Recent Ups & Downs Update
Jobs
Solidworks Product Designer for NASCENT Technology at Charlotte, NC
Developer-Support-Implementation Engineer for EDA Careers at San Francisco Area, CA
SYSTEMS INTEGRATOR for Palm Beach County Human Resources at West Palm Beach, FL
CAD/CAM Regional Account Manager (Pacific Northwest) for Vero Software Inc. at Seattle, WA
Upcoming Events
Engineer 3D! Training + Technology Conference at Hyatt Regency Milwaukee 333 West Kilbourn Avenue Milwaukee WI - Apr 25 - 26, 2017
PMTS 2017 at Greater Columbus Convention Center Exhibit Halls E, F, & D 400 North High St. Columbus OH - Apr 25 - 27, 2017
AI·GI·CRV Conference 2017 at Edmonton, Alberta Canada - May 16 - 19, 2017
Innorobo 2017 at Docks de Paris Paris France - May 16 - 18, 2017



Internet Business Systems © 2017 Internet Business Systems, Inc.
595 Millich Dr., Suite 216, Campbell, CA 95008
+1 (408)-337-6870 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering EDACafe - Electronic Design Automation GISCafe - Geographical Information Services TechJobsCafe - Technical Jobs and Resumes ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy Policy Advertise