ORACLE-RETEK MERGER CREATES RETAIL SOFTWARE JUGGERNAUT

REDWOOD SHORES, Calif. -- The merger of Minneapolis-based Retek and Oracle here creates a large new retail software company, but some observers questioned how retailers will take to the new entity.Database software giant Oracle and Retek, a supplier of retail applications software, announced last week that they signed a definitive merger agreement under which Oracle will acquire Retek at a price of

REDWOOD SHORES, Calif. -- The merger of Minneapolis-based Retek and Oracle here creates a large new retail software company, but some observers questioned how retailers will take to the new entity.

Database software giant Oracle and Retek, a supplier of retail applications software, announced last week that they signed a definitive merger agreement under which Oracle will acquire Retek at a price of $11.25 for each outstanding Retek share for a reported total of $670 million.

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