By News.com Staff, 27 August 2004 08:50
NEWS Oracle has extended the deadline for PeopleSoft investors to tender their shares in its hostile bid to acquire its business software rival.
The offer, which was set to expire on Friday, is now good through to 10 September.
The $7.7bn dollar deal offers $21 for each share of PeopleSoft stock.
The move was widely expected, given that Oracle is waiting for a decision in an antitrust suit brought by the US Justice Department over the takeover bid.
A US District Court judge is expected to rule on the case in a matter of days.
Staff, News.com
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