San Francisco, Oct 11: Oracle Corp., the world's second-biggest software maker, on Friday said that 6.7 per cent of the outstanding shares of PeopleSoft Inc. have been tendered in its offer to acquire PeopleSoft, and the offer has been extended. "We are as committed today as we were when we first announced our offer in June and therefore extend our bid for PeopleSoft," Oracle spokesman Jim Finn said in a statement.

The tender offer was previously set to expire at midnight October 17. As of the close of business on Friday, October 10, a total of 24,812,259 shares had been tendered and not withdrawn from the offer, Oracle said.
Oracle's bid is under review by US and European antitrust regulators. PeopleSoft has rejected Oracle's offer of $19.50 per share, which previously was set to expire on October 17. Bureau Report