Oracle Completes Purchase of Retek
2005年4月12日 - 8:46AM
PRニュース・ワイアー (英語)
Oracle Completes Purchase of Retek Retek to Operate as Separate
Business Unit of Oracle REDWOOD SHORES, Calif., April 11
/PRNewswire-FirstCall/ -- Oracle Corporation (NASDAQ:ORCL)
announced that it now controls approximately 94 percent of the
outstanding stock of Retek Inc. (NASDAQ:RETK), enabling it to
immediately complete its acquisition of Retek under Delaware law.
Oracle accepted for purchase 48 million shares of Retek stock in
its tender offer for all outstanding Retek shares, which expired at
5:00 p.m., New York City time, on Monday, April 11, 2005. In
addition, Oracle purchased a net total of 5,500,000 shares of Retek
stock in market transactions at prevailing prices prior to
launching the tender offer. (Logo:
http://www.newscom.com/cgi-bin/prnh/20020718/ORCLLOGO ) The merger
will occur on Tuesday, April 12, 2005. All remaining outstanding
Retek shares, other than those held by Retek, Oracle or their
respective subsidiaries and stockholders who properly perfect
appraisal rights under Delaware law, will be converted in the
merger into the right to receive $11.25 per share in cash. "With
our acquisition of Retek complete, Oracle is poised to provide
retailers with an unparalleled partner for information technology
solutions," said Charles Phillips, Oracle's President. Announces
Oracle Retail Global Business Unit Oracle also announced the
formation of the Oracle Retail Global Business Unit. "By
establishing a separate business unit, we will be able to maintain
the specialization of Retek's employee base and quickly go to
market in the retail sector," stated Phillips. "Retek's retail
solutions will be brought to market along with Oracle's E-Business
Suite, Database 10g, Applications Server 10g, and Oracle's
Collaboration Suite to provide a complete solution for the retail
industry." Customers Support 'Powerful' Joint Solution Set "We are
a long-time business partner to both Oracle and Retek. The merger
will combine two independently successful and complementary product
lines into a single, powerful solution," said Jeff Kish, senior
vice president and chief information officer, Stage Stores, Inc.
"Any retailer looking for a solution has got to consider Oracle and
Retek as a front-runner." Oracle and Retek have enjoyed a strong
partnership since Retek was founded in 1986. Retek's products have
been developed on Oracle's technology platform using Oracle's
development tools. Nearly 80 percent of Retek's customers run their
Retek applications on the Oracle database. Customer Town Hall
Meeting Scheduled for Friday, April 15th Oracle President Charles
Phillips will host a live online customer Town Hall meeting on
Friday, April 15 at 11 am PDT. Join the webcast at
http://www.oracle.com/retek or dial 877-915-2768 (Int'l Number:
212-287-1615), Passcode: Town Hall. 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.
http://www.newscom.com/cgi-bin/prnh/20020718/ORCLLOGO
http://photoarchive.ap.org/ DATASOURCE: Oracle Corporation CONTACT:
Jeff Lettes of Oracle Corporate Communications, +1-650-506-9564, or
Web site: http://www.oracle.com/
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