Thursday, March 17, 2005

SAP ups the ante for Retek

SAP is raising its offer price for Retek from $8.50 per share to $11, topping Oracle's bid of $9. SAP says that's its best and final offer, and it will expire April 1. SAP's latest offer raises the total deal to $640M.

My prediction: if Oracle counters, SAP walks.

Update, Mar. 17. Oracle has responded, increasing its offer to $11.25. Let's see if SAP's "best and final offer" was really its best and final. We'll also see whether my prediction that SAP walks was correct. The San Jose Mercury News has a good round up of the bidding war so far.

Related posts
Bidding war: Oracle fighting SAP over Retek
SAP targets retail industry with acquisition of Retek

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