Oracle Extends Tender For 13th Time

During the past 16 months, Oracle has changed its offer price several times. The initial bid in June 2003 was $16 a share, raised shortly after to $19.50 a share. In February, the offer shot up to $26 a share. The offer has since been reduced to $21 per share.

Shares of PeopleSoft closed Thursday at $22.53, down slightly from a Wednesday close of $22.66. Shares of Oracle closed at $12.29, up slightly from a Wednesday close of $12.24.

This story courtesy of Information Week