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Article: PeopleSoft and Red Pepper Software Agree to Merge; Merger Strengthens Position of Both Companies in Manufacturing and Supply Chain Application Markets.
- Article from:
- Business Wire
- Article date:
- September 4, 1996
CopyrightCOPYRIGHT 1996 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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PLEASANTON, Calif.--(BUSINESS WIRE)--Sept. 4, 1996--PeopleSoft Inc. (NASDAQ: PSFT), a leading worldwide provider of client/server business software, and Red Pepper Software, a leading provider of manufacturing and supply chain optimization solutions, today announced the execution of a definitive agreement to merge the two companies.
PeopleSoft will issue 2.975 million shares of common stock to acquire all of the outstanding shares and stock options of Red Pepper in a transaction to be accounted for as a pooling of interests. Red Pepper, based in nearby San Mateo, will continue to operate as an independent business unit following the merger.
The transaction is ...