Oracle Assumes Control Of Retek
2005年4月6日 - 2:01PM
PRニュース・ワイアー (英語)
Oracle Assumes Control Of Retek Oracle Controls 92.8 Percent of
Retek Shares REDWOOD SHORES, Calif., April 6 /PRNewswire-FirstCall/
-- Oracle Corporation (NASDAQ:ORCL) today announced that Retek Inc.
(NASDAQ:RETK) stockholders have validly tendered approximately 83.0
percent of Retek outstanding stock (including shares tendered by
notice of guaranteed delivery). Together with the 9.8 percent of
Retek outstanding stock previously acquired by Oracle, Oracle now
controls approximately 92.8 percent of Retek outstanding stock.
(Logo: http://www.newscom.com/cgi-bin/prnh/20020718/ORCLLOGO )
Additionally, Oracle will designate five representatives to serve
on Retek's board of directors to replace Retek board members who
will resign, giving Oracle majority board representation. Three of
the current Retek board members will remain on the Retek board
until the merger between the companies is completed. The initial
offering period of Oracle's tender offer to purchase all of the
outstanding shares of common stock of Retek expired at 12:00
midnight, New York City time, on Tuesday, April 5, 2005. Oracle has
accepted for payment the approximately 47,690,333 shares tendered
in the offer. Oracle announced a subsequent offering period
commencing on Wednesday, April 6, 2005 and expiring on Monday,
April 11, 2005 at 5:00 p.m., New York City time. Oracle expects to
complete the second-step merger shortly after expiration of the
subsequent offering period. The subsequent offering period will
permit all stockholders who did not tender shares in the initial
offering period to obtain the $11.25 per share offer price for
their shares prior to consummation of the second-step merger.
During the subsequent offering period, Oracle's acquisition
subsidiary Ruby Merger Corp. will accept for payment and promptly
pay for Retek shares as they are tendered. Stockholders who tender
shares during such period will be paid the same $11.25 per share
cash consideration paid during the initial offering period. Shares
tendered during the subsequent offering period may not be
withdrawn. Ruby Merger Corp. may extend the subsequent offering
period. If the subsequent offering period is extended, Ruby Merger
Corp. will notify the depositary for the offer and issue a press
release prior to 9:00 a.m. New York City time on the first business
day following the date the subsequent offering period was scheduled
to expire. Oracle is the world's largest enterprise software
company. For more information about Oracle, including supplemental
financial information, please call Investor Relations at
650-506-4073 or visit Oracle on the web at
http://www.oracle.com/investor. THIS PRESS RELEASE IS FOR
INFORMATIONAL PURPOSES ONLY AND IS NOT AN OFFER TO BUY OR THE
SOLICITATION OF AN OFFER TO SELL ANY SHARES. THE SOLICITATION AND
THE OFFER TO BUY RETEK'S COMMON STOCK WILL ONLY BE MADE PURSUANT TO
AN OFFER TO PURCHASE AND RELATED MATERIALS THAT ORACLE CORPORATION
FILED ON MARCH 9, 2005, AS AMENDED AND RESTATED ON MARCH 23, 2005.
STOCKHOLDERS SHOULD READ THESE MATERIALS CAREFULLY BECAUSE THEY
CONTAIN IMPORTANT INFORMATION, INCLUDING THE TERMS AND CONDITIONS
OF THE OFFER. STOCKHOLDERS MAY OBTAIN THE AMENDED AND RESTATED
OFFER TO PURCHASE AND RELATED MATERIALS WITH RESPECT TO THE TENDER
OFFER FREE AT THE SEC'S WEBSITE AT WWW.SEC.GOV OR FROM ORACLE
CORPORATION. http://www.newscom.com/cgi-bin/prnh/20020718/ORCLLOGO
http://photoarchive.ap.org/ DATASOURCE: Oracle Corporation CONTACT:
Bob Wynne of Oracle Corporation, +1-650-506-5834, or Web site:
http://www.oracle.com/
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