Oracle considers lowering PeopleSoft bid
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NEW YORK, October 8  - Oracle Corporation (ORCL.NAS) is considering altering its takeover bid for the rival business software company, PeopleSoft, with discussions leaning towards a potential decline in the current offer of $7.
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Software maker Oracle Corp.  on Wednesday said it will let PeopleSoft Inc.  shareholders decide for themselves whether to accept Oracle's &#36;8.8 billion hostile takeover bid after learning that PeopleSoft's board of directors will reject it.
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US software giant Oracle&#39;s $9.2bn (Â£4.9bn) bid for rival Peoplesoft was hanging in the balance on Friday as investors pondered its takeover offer.
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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.
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Soon after an Oracle director said Oracle&#39;s current US$21 per share offer for control of PeopleSoft may not be its final bid, Oracle Chief Executive Officer (CEO) Larry Ellison countered that the company is as likely to lower its bid as to raise it.
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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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Oracle Corp. on Monday again asked PeopleSoft Inc.'s board of directors to rescind an anti-takeover provision, as the two business software makers prepared to return to court this week to address one of the final barriers to the &#36;9.2-billion takeover bid.
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SAN FRANCISCO (CBS.MW) - PeopleSoft shares fell in premarket trade Thursday after the company rejected Oracle&#39;s latest takeover offer of $24 a share, worth at least $8.
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In the final days before shareholders decide on Oracle's takeover bid for rival software maker PeopleSoft,  PeopleSoft is bracing for the worst. Oracle officials say they won't know until shortly before a  Nov. 19 deadline if a majority of PeopleSoft shareholders support the &#36;8.8 billion offer.
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Lawrence Ellison, Oracle's chief executive, said the company could lower the $21-a-share bid Oracle is offering for rival PeopleSoft.
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Letter says PeopleSoft should avoid court or proxy fight and allow sale to take place. NEW YORK (CNN/Money) - Oracle Corp. called on the board of PeopleSoft to surrender and accept its $24 a share offer Monday
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Two major PeopleSoft Inc. shareholders yesterday indicated they would split their votes on whether to accept Oracle Corp's $8.8 billion hostile takeover bid.
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Oracle Corp.  Chief Executive Larry Ellison said on Friday his company has talked about revising its current &#36;21-per-share offer to buy rival PeopleSoft Inc. , although it has focused more on lowering the bid instead of raising it.
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NOVEMBER 01, 2004  - The end may be in sight in the ongoing saga of Oracle Corp.&#39;s hostile takeover bid for embattled competitor PeopleSoft Inc.
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Oracle Corp. recently learned that PeopleSoft will reject Oracle&#39;s $24.00 a share- its best and final offer. The cash tender offer to purchase all of the outstanding shares of PeopleSoft, Inc.
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Oracle's attempt to buy rival software producer Peoplesoft hangs in the balance as investors consider its $9.2bn takeover offer ahead of Saturday's deadline.
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ORACLE chief executive Larry Ellison has testified that the business software maker was leaning toward lowering its $US7.7 billion ($10.