eWeek: Oracle to Buy PeopleSoft for $10.3 Billion. It’s an early Christmas for Oracle Corp.–and PeopleSoft Inc. shareholders. The two companies announced early Monday morning a definitive merger agreement whereby Oracle will acquire PeopleSoft for $26.50 per share, or $10.3 billion. The final buying price is $2.50 per share, or about $1.2 billion, over Oracle’s “best and final offer” from last month.
So, the “best and final offer” ended up being just the “second to best and final offer.” Luckily, for PeopleSoft shareholders, they didn’t accept the second to best offer. I’ve posted the Agreement and Plan of Merger between PeopleSoft Inc. and Oracle Corp. on the web site for those interested in the full details..