The Oracle Corporation announced early yesterday that it would acquire PeopleSoft for $10.3 billion, ending a bitter takeover fight that had lasted more than 18 months.
The shares of both PeopleSoft and Oracle rose sharply yesterday. PeopleSoft shares rose $2.47 a share [10.3%] to close at $26.42 a share, just under the offer price [an indication that Wall Street thinks this is a done deal]. And Oracle's stock price increased $1.35 a share [10.2%] to close at $14.63 [an indication that Wall Street think this is a good deal].
http://www.nytimes.com/2004/12/13/business/14CND-ORACLE.html
Wednesday, December 15, 2004
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