Oracle, the software giant run by founder Larry Ellison, agreed to buy NetSuite in July for $109 per share, or $9.3 billion, to better compete with nimbler rivals such as Workday (WDAY) and Salesforce.com (CRM) that specialize in cloud-based offerings.

In September, NetSuite (N) disclosed that it received a formal letter from T. Rowe Price, the company’s second-largest shareholder behind Ellison, opposing the deal price. The letter criticized the process behind the deal and said T. Rowe would not tender its shares.

Oracle (ORCL) was forced to extend its tender offer deadline to Friday. T. Rowe sent a letter last week to Oracle suggesting the company raise its offer to $133 per share. Oracle has said it will not raise its bid.

NetSuite shares soared by more than 6% on Thursday, prompting the stock to be temporarily halted. The stock has steadily declined since resuming trading on Thursday afternoon.

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According to terms of the Oracle agreement, a majority of NetSuite’s 40.8 million unaffiliated shares, or shares not tied to Ellison and other insiders, must be tendered for the deal to be completed.

As of July, T. Rowe owned 12.2 million NetSuite shares, meaning if one of the other large fund managers in the stock, Capital World or Brown Advisory, also refuse to tender their shares, the agreement will struggle to get the majority it needs. Capital World is NetSuite’s third-largest shareholder and Brown Advisory is the fourth largest, according to Thomson Reuters data.

Spokeswomen for NetSuite and Oracle could not immediately be reached on Friday to comment about the results of the tender offer.