PeopleSoft Rejects Oracle Bid
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PeopleSoft Inc. (PSFT.O: Quote, Profile, Research) on Wednesday said its board had again unanimously rejected Oracle Corp.&#39;s (ORCL.
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PLEASANTON, Calif. PeopleSoft&#39;s board of directors said it srejected Oracle Corp.&#39;s nine-point-two (b) billion dollar takeover bid Saturday.
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NEW YORK, November 11  - PeopleSoft Inc (PSFT.NAS) has again rejected Oracle Corporation&#39;s (ORCL) &quot;best and final&quot; takeover bid, while urging its shareholders to reject Oracle&#39;s $24 per share tender offer as well.
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Let the bidding begin! A federal judge Thursday rejected a government attempt to block Oracle&#39;s proposed takeover of rival PeopleSoft.
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Business software maker PeopleSoft Inc. on Saturday said its board again rejected Oracle Corp.'s &#36;9.2 billion tender offer, remaining defiant a day after most of its shares were tendered to Oracle.
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Oracle has made a huge step towards victory in its hostile takeover bid for rival business software company PeopleSoft, as the US federal courts rejected the Department of Justice&#39;s attempt to block the takeover bid.
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Software maker Oracle Corp.  ORCL.O on Wednesday said it will let PeopleSoft Inc. PSFT.O  shareholders decide for themselves whether to accept Oracle's  $8.8 billion hostile takeover bid after learning that  PeopleSoft's board of directors will reject it.
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The software maker has indicated it could abandon the hunt for PeopleSoft if it does not win support for a tender offer.
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A federal judge rejects the US government's bid to block software giant Oracle's hostile takeover of rival PeopleSoft.
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PeopleSoft Inc. Chief Executive David Duffield resisted pressure to open talks with Oracle Corp. after shareholders voted to support Oracle&#39;s $8.8 billion takeover bid.
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WALNUT CREEK, Calif. - PeopleSoft Inc. rebuffed Oracle Corp.&#39;s latest hostile takeover bid, vowing to fight the $9.2 billion offer even if a majority of shareholders supported it.
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PeopleSoft Inc.'s board of directors said it rejected Oracle Corp.'s &#36;9.2 billion takeover bid Saturday, continuing its staunch resistance a day after the company's own shareholders tendered more than 60 percent of stock to Oracle.
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PeopleSoft (PSFT:Nasdaq - news - research) Wednesday publicly rejected Oracle&#39;s (ORCL:Nasdaq - news - research) $24-a-share takeover offer, saying the $8.
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WILMINGTON, Del. - Oracle Corp. Chief Executive Larry Ellison denied Friday that his company&#39;s $7.7 billion bid to buy PeopleSoft Inc.
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PeopleSoft Inc. won't discuss a sale to Oracle Corp. for a price of $24 per share, the company's board of directors Saturday told Oracle Chief Executive Officer (CEO) Larry Ellison in a letter.
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PeopleSoft's board turns down Oracle's "best and final" offer. But the database software giant is still on the prowl.
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Although Oracle still faces obstacles in its $7.7 billion hostile takeover bid, analysts said yesterday's court rejection of the U.S. Department of Justice's attempt to block the deal on antitrust grounds is a blow for PeopleSoft.