The move raises the price hostile bidder Oracle Corp will have to pay if its proposal succeeds.
PeopleSoft had purchased 105 million shares, approximately 88%, by the deadline and, at the time anticipated acquiring the remaining untendered shares by the end of August, which it has done.
The consideration to be paid for each remaining JD Edwards share will be $7.05 in cash plus 0.43 of a share of PeopleSoft common stock. Any fractional shares will be paid in cash.
Source: Computerwire
