PeopleSoft Investors Urged to Tender Shares
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Oracle Corp. on Thursday said in a letter to PeopleSoft Inc. stockholders that it would withdraw its hostile takeover bid if less than half of PeopleSoft shares were tendered by the offer's deadline.
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Oracle Corp. on Monday said it asked Peoplesoft Inc.&#39;s board of directors to rescind an anti-takeover provision, two days after a majority of PeopleSoft shareholders tendered their
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(SAN FRANCISCO) - PeopleSoft is asking its shareholders to reject what Oracle calls its &quot;best and final offer&quot; to buy the company.
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A group of PeopleSoft shareholders has asked that a Delaware judge order the company&#39;s board to negotiate with rival software maker Oracle, which is trying to acquire PeopleSoft for $8.
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New York state&#39;s pension fund, the nation&#39;s second largest, said on Friday it plans on tendering its 2.2 million shares of PeopleSoft Inc.
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Oracle Corp. Friday said 61 percent of PeopleSoft Inc. shares were tendered for its $24-a-share offer, strengthening Oracle&#39;s hostile bid position as it waits to
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Oracle says PeopleSoft stockholders tendered more than 60 percent of the company&#39;s outstanding shares as of midnight Friday, and that it plans to move forward with its proposed hostile takeover.
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PHILADELPHIA/SAN FRANCISCO  - Two top stakeholders  in takeover target PeopleSoft Inc., tipped their hands on  Tuesday, with one investment fund saying it will tender its  shares for Oracle Corp.'s $8.8 billion hostile bid while  another pledged against it.
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Despite a clear-cut show of support among its shareholders to accept Oracle&#39;s hostile takeover bid, PeopleSoft&#39;s board is digging in for a fight.
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Oracle has dangled its &quot;best and final&quot; offer of $24 per share in front of PeopleSoft shareholders. Oracle&#39;s latest bid for the software maker is a $3 hike over a previous offer and values PeopleSoft at just less than $9bn.
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Business software maker Oracle Corp. attacked the credibility and motives of PeopleSoft Inc.'s board of directors Monday, hoping to rally investor support as the 17-month takeover battle between the bitter business software rivals nears a climactic showdown.
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Oracle Corp.'s &#36;24-a-share hostile takeover bid for PeopleSoft Inc. heated up anew yesterday as tonight's deadline for stockholders to offer their shares for sale approached.
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The board of software vendor PeopleSoft has advised shareholders to reject Oracle&#39;s takeover bid for a fifth time, pushing the long-running saga closer towards a proxy battle next Spring.
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REDWOOD SHORES, Calif., Oracle is increasing the stakes in its hostile takeover bid for PeopleSoft. Oracle has increased its cash offer for PeopleSoft shares from 21 dollars a share to 24 dollars a share.
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Oracle again extended its tender offer for PeopleSoft to Friday, Sept. 10 at midnight, Eastern Standard Time. Oracle is offering $21 per share or about $7.
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More than 60 percent of PeopleSoft Inc.'s shareholders have tendered their stock in support of Oracle Corp.'s &#36;9.2 billion takeover bid for its bitter rival, further extending a bruising battle that already has dragged on for more than 17 months.
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In the ongoing takeover drama, Oracle Corporation announced today that it is improving its tender offer for all the common stock of PeopleSoft, Inc.