Oracle Amends PeopleSoft Bid

By Lisa Vaas  |  Posted 2003-07-24 Print this article Print

Oracle has dumped the demand that it be given the right to say yea or nay on the PeopleSoft-J.D. Edwards merger.

Oracle Corp. has dumped the demand that it be given the right to say yea or nay on the PeopleSoft Inc. and J.D. Edwards & Co. merger, the company announced on Thursday. The Redwood Shores, Calif., database company filed with the Securities and Exchange Commission an amended offer to purchase PeopleSoft. The amended offer drops a previous condition requiring Oracles consent for any amendment to the merger between PeopleSoft and J.D. Edwards.
At the same time, Oracle reaffirmed its commitment to take over PeopleSoft, of Pleasanton, Calif., after PeopleSofts ongoing merger with J.D. Edwards is complete. Oracle has been pursuing PeopleSoft since June.
Lisa Vaas is News Editor/Operations for and also serves as editor of the Database topic center. Since 1995, she has also been a Webcast news show anchorperson and a reporter covering the IT industry. She has focused on customer relationship management technology, IT salaries and careers, effects of the H1-B visa on the technology workforce, wireless technology, security, and, most recently, databases and the technologies that touch upon them. Her articles have appeared in eWEEK's print edition, on, and in the startup IT magazine PC Connection. Prior to becoming a journalist, Vaas experienced an array of eye-opening careers, including driving a cab in Boston, photographing cranky babies in shopping malls, selling cameras, typography and computer training. She stopped a hair short of finishing an M.A. in English at the University of Massachusetts in Boston. She earned a B.S. in Communications from Emerson College. She runs two open-mic reading series in Boston and currently keeps bees in her home in Mashpee, Mass.

Submit a Comment

Loading Comments...
Manage your Newsletters: Login   Register My Newsletters

Rocket Fuel