J.D. Edwards shareholders will receive 0.86 of a share of PeopleSoft for each share of J.D. Edwards .
Shareholders will get 0.86 PeopleSoft share , or $ 13.11 , for each J.D. Edwards share , based on recent trading prices .
It was centered about 100 miles southwest of Cedar Key and drifting erratically southward , forecasters said .