Oracle has extended its tender offer to acquire PeopleSoft in a $6.3 billion hostile bid and said it remained "fully committed" to buying its smaller rival.
Oracle's extension of the tender offer, now set to expire on August 15th, came as PeopleSoft said federal antitrust regulators cleared the way for it to complete its $1.77 billion merger with smaller software maker J.D. Edwards & Co.
"We are extending our offer for PeopleSoft and we remain fully committed to acquiring PeopleSoft, with or without JD Edwards," said Jim Finn, an Oracle spokesman, in a statement.
Oracle's tender offer was previously set to expire July 18th. As of July 11th, Oracle said that a total of 43.8 million shares had been tendered in, and not withdrawn from the offer.
Oracle employs more than 1,000 in Ireland.