Oracle has extended until year-end its deadline for tendering shares in its US$7.25 billion hostile takeover bid for PeopleSoft.
Oracle's 18-month hostile takeover battle for PeopleSoft came to an end on Friday evening with a single phone call.
In the latest twist in the hostilities between Oracle and PeopleSoft, Wall Street's footsoldiers are massing for battle.
Oracle chalked up a key victory Friday in its battle to acquire PeopleSoft, with investors agreeing to sell the suitor 60 percent of PeopleSoft's outstanding shares.
Oracle announced on Monday that it has increased its PeopleSoft takeover bid to US$24 a share, calling the figure its "best and final" offer for its rival.
A single phone call on Friday evening brought the long-running Oracle-PeopleSoft fight to a close, Oracle President Chuck Phillips revealed.
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