Ellison: Oracle considered lowering PeopleSoft bid
6269
OCTOBER 08, 2004 (REUTERS) - Oracle Corp. CEO Larry Ellison said today that his company has talked about revising its current $21-per-share offer to buy rival PeopleSoft Inc.
258205
The board of PeopleSoft Inc. yesterday rejected Oracle Corp.&#39;s $24-a-share hostile takeover bid as too cheap, but said it was open to a deal at a higher price.
629632
A PeopleSoft director testified on Tuesday that he would be open to considering Oracle's $7.7 billion offer. But, PeopleSoft executives said the company remains opposed.
734205
WILMINGTON, Del.  - Oracle Corp. ORCL.O Chief  Executive Larry Ellison said on Friday his company has talked  about revising its current $21-per-share offer to buy rival  PeopleSoft Inc. PSFT.O, although it has focused more on  lowering the bid instead of raising it.
651610
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.
310159
Oracle Corp. CEO Larry Ellison raised his company&#39;s offer for rival PeopleSoft Inc. to $24 a share, or $9.2 billion, calling the fifth bid over a 17-month takeover battle the &quot;best and final&quot; offer.
397618
Oracle dislikes what PeopleSoft is doing, but it's still buying.
204884
PeopleSoft Inc.&#39;s board of directors urged company shareholders on Wednesday to reject Oracle Corp.&#39;s bid of $24 per share for the Pleasanton firm, casting more uncertainty on the 17-month takeover battle.
51586
Lawrence Ellison, the chief executive of the Oracle Corporation, said that he had had more discussions about lowering rather than raising his hostile bid for PeopleSoft.
560566
Oracle said clearance for the bid from the European Union, granted last week, prompted the move. Oracle hopes the higher price will persuade PeopleSoft to drop its remaining obstacles to the deal.
504865
PeopleSoft's profit may drop "significantly" this year, according to testimony by an Oracle executive.
587163
WILMINGTON, Del. - Oracle Corp. Chief Executive Larry Ellison denied Friday that his company&#39;s $7.7 billion bid to buy PeopleSoft Inc.
421483
Oracle Corp. notified Delaware's Court of Chancery of plans to drop a lawsuit pending there against PeopleSoft Inc. if PeopleSoft shareholders reject Oracle's tender offer. The notification is a sign that Oracle is serious about its current offer being the final one.
431981
Oracle Corp. on Monday said it  asked Peoplesoft Inc.'s board of directors to rescind an  anti-takeover provision, two days after a majority of  PeopleSoft shareholders tendered their stock in favor of  Oracle's $9.2 billion hostile offer.
589261
Peoplesoft Inc does not believe Oracle Corp will back away if shareholders refuse what Oracle has stated is its last and best offer, and it is taking steps to engage in a proxy war next spring if need be.
30323
After much speculation that it would raise its bid yet again, Oracle Corp. Monday morning announced its latest offer for PeopleSoft Inc.
234657
Oracle Corp.'s hostile $7.7 billion bid for rival software maker PeopleSoft Inc. could drop by one-third to one-fourth, Oracle copresident Safra Catz said yesterday.