CA: California employee pension fund tenders PeopleSoft shares to Oracle

Computerworld ^ | NOVEMBER 19, 2004 | Nancy Weil

[Rodney King]

Right. I am supposing that the rise in Peoplsoft is due to the takeoever bid and that if the bid fails the price will collapse.

[Jack Black]

I think they will accept it soon.

[calcowgirl]

Thanks for the ping. Calpers shares represent only 0.4% of total psft shares.
Even if there are sleazy dealings, they can't make that much of a difference.

[Carry_Okie]

Good, didn't know that. The last thing I want to see is former CIA geek, Larry Ellison, with a monopoly.

[calcowgirl]

The last thing I want to see is former CIA geek, Larry Ellison, with a monopoly.

I didn't mean to imply that Ellison won't get his monopoly, only that Calpers wouldn't necessarily be a decisive factor. See Also:

Oracle prevails in PeopleSoft tender

LOS ANGELES (CBS.MW) -- Oracle Corp. cleared a crucial hurdle Friday night in its $9.2 billion bid to take over PeopleSoft Inc., winning a clear majority of shares in its smaller rival following a direct appeal to investors.

More than 60 percent of PeopleSoft (PSFT: news, chart, profile) shares were tendered in favor of the $24-per-share offer, Oracle (ORCL: news, chart, profile) said in a statement released less than an hour after the deadline for accepting the bid expired.

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