Oracle Accepts 75 Percent of PeopleSoft Shares Subsequent Offering Period Expires January 4th
REDWOOD SHORES, Calif., December 28, 2004 – Oracle Corporation (NASDAQ: ORCL) today announced that PeopleSoft (NASDAQ: PSFT) stockholders have tendered approximately 75 percent of PeopleSoft outstanding stock, giving Oracle control of the company.
Additionally, Oracle has designated four representatives to serve on PeopleSoft’s board of directors, replacing the PeopleSoft board members who have resigned and giving Oracle m..
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