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Oracle Receives Regulatory Clearance From German Cartel Authority
for Purchase of Retek
Tender Offer Expires Tuesday, April 5, 2005
REDWOOD SHORES, Calif., April 4 /PRNewswire-FirstCall/ -- Oracle Corporation
(NASDAQ:ORCL) today announced it has received final clearance from the German
Cartel Authority for its purchase of Retek Inc. (NASDAQ:RETK). Oracle had
previously announced it had signed a definitive merger agreement with Retek
under which Oracle will acquire Retek at a price of $11.25 for each outstanding
Retek share. Oracle also previously announced it had received clearance for
the transaction from the U.S. Department of Justice.
(Logo: http://www.newscom.com/cgi-bin/prnh/20020718/ORCLLOGO )
"Our outreach to customers is already well underway and we look forward to
completing our tender offer tomorrow evening," said Oracle President Charles
Phillips. "We are very pleased with the rapid review and approval we received
from the German Cartel Authority."
Oracle and Retek have enjoyed a strong partnership since Retek was founded in
1986. Retek's products have been developed on Oracle's technology platform
using Oracle's development tools. Nearly 80 percent of Retek's customers run
their Retek applications on the Oracle database.
Oracle is the world's largest enterprise software company. For more
information about Oracle, including supplemental financial information, please
call Investor Relations at 650-506-8057 or visit Oracle on the web at
http://www.oracle.com/investor.
THIS PRESS RELEASE IS FOR INFORMATIONAL PURPOSES ONLY AND IS NOT AN OFFER TO
BUY OR THE SOLICITATION OF AN OFFER TO SELL ANY SHARES. THE SOLICITATION AND
THE OFFER TO BUY RETEK'S COMMON STOCK WILL ONLY BE MADE PURSUANT TO AN OFFER TO
PURCHASE AND RELATED MATERIALS THAT ORACLE CORPORATION FILED ON MARCH 9, 2005,
AS AMENDED. STOCKHOLDERS SHOULD READ THESE MATERIALS CAREFULLY BECAUSE THEY
CONTAIN IMPORTANT INFORMATION, INCLUDING THE TERMS AND CONDITIONS OF THE OFFER.
STOCKHOLDERS MAY OBTAIN THE OFFER TO PURCHASE AND RELATED MATERIALS WITH
RESPECT TO THE TENDER OFFER FREE AT THE SEC'S WEBSITE AT WWW.SEC.GOV OR FROM
ORACLE CORPORATION.
http://www.newscom.com/cgi-bin/prnh/20020718/ORCLLOGO
http://photoarchive.ap.org/
DATASOURCE: Oracle Corporation
CONTACT: Jenny Gelhausen, Investor Relations, +1-650-506-8057, or
; or Jeff Lettes, +1-650-506-8071, or
, both of Oracle Corporation
Web site: http://www.oracle.com/