Oracle to buy Siebel in deal worth $5.8 billion

Iria · Sep 12, 2005, 02:59 PM

Software maker Oracle has agreed to acquire competitor Siebel Systems in a deal worth around $5.8 billion, the companies said Monday.

Siebel makes software for handling customer relationship management, or CRM. Oracle said its acquisition will add 4,000 customers and 3.4 million CRM users.

Oracle will offer $10.66 for each share of Siebel stock, a nearly 17 percent premium over the company's $9.13 closing price Friday.

Siebel has been a subject of takeover rumors for a while, particularly since the departure of CEO Mike Lawrie. Oracle CEO Larry Ellison included the company in a list of takeover targets during Oracle's contentious battle over the acquisition of PeopleSoft.
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Read More / Source: ZDNet

pr0digal jenius · Sep 12, 2005, 07:23 PM

maybe they won't fight like peoplesoft did

Sep 12, 2005, 02:59 PM	#1
Iria DriverHeaven Extreme Member Join Date: Apr 2004 Posts: 7,275 Rep Power: 87	Oracle to buy Siebel in deal worth $5.8 billion Software maker Oracle has agreed to acquire competitor Siebel Systems in a deal worth around $5.8 billion, the companies said Monday. Siebel makes software for handling customer relationship management, or CRM. Oracle said its acquisition will add 4,000 customers and 3.4 million CRM users. Oracle will offer $10.66 for each share of Siebel stock, a nearly 17 percent premium over the company's $9.13 closing price Friday. Siebel has been a subject of takeover rumors for a while, particularly since the departure of CEO Mike Lawrie. Oracle CEO Larry Ellison included the company in a list of takeover targets during Oracle's contentious battle over the acquisition of PeopleSoft. __________ Read More / Source: ZDNet

Sep 12, 2005, 07:23 PM	#2
pr0digal jenius Delete Me Join Date: Mar 2004 Posts: 14,648 Rep Power: 0	maybe they won't fight like peoplesoft did