Oracle tops SAP`s bid for Retek

Mar 18, 2005 / By Paul Vallee

Tags: ,

Oracle has upped its Retek offer from $9 to $11.25 per share, a figure which is 2 percent above SAP’s latest bid of

$11. Since SAP had called its last offer a “best and final” offer, it is unclear whether another counter-offer will be forthcoming.

Analysts have indicated that allowing Retek to land in the hands of SAP could be a severe blow to Oracle’s retail strategy.

Leave a Reply

  • (will not be published)

XHTML: You can use these tags: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>