Oracle: PeopleSoft&#39;s Board to Reject &#39;Final&#39; Buyout Offer
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PeopleSoft&#39;s board of directors is refusing yet again to entertain Oracle&#39;s all-cash tender offer, according to a news release issued by Oracle on Wednesday afternoon.
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Oracle today unveiled its &quot;best and final offer&quot; for PeopleSoft, promising to withdraw entirely from the long-running takeover battle if its $24 per share proposal is not accepted by 19 November 2004.
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An attorney for Oracle Corp. says the company will abandon its legal challenge to PeopleSoft Inc.'s antitakeover protections if shareholders fail to tender a majority of their shares by a Nov. 19 deadline.
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WILMINGTON, Del. A director at PeopleSoft says the company&#39;s board is ready to drop its resistance to Oracle&#39;s hostile takeover bid -- if it can strike a better deal.
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PeopleSoft board members on Wednesday rejected Oracle&#39;s &quot;best and final&quot; offer in the often contentious 17-month hostile takeover battle--but the database software giant remains on the hunt.
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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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PeopleSoft Inc.'s board of directors rejected Oracle Corp.'s &#36;9.2 billion takeover bid Wednesday and vowed to continue its staunch resistance even if a majority of the business software maker's shareholders decide to accept the offer.
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WILMINGTON (DELAWARE): An attorney for Oracle says the company will abandon its legal challenge to PeopleSoft&#39;s anti-takeover protection if shareholders fail to tender a majority of their shares by November 19.
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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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PeopleSoft's Board of Directors voted Wednesday to recommend that its stockholders reject Oracle's takeover offer of $24 per share. Oracle CEO Larry Ellison quickly responded, saying the offer is final and that it is now up to PeopleSoft's shareholders to make a determination.
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Oracle Corp. on Monday said it asked Peoplesoft Inc.&#39;s board of directors to immediately rescind a &quot;poison pill&quot; anti-takeover provision, two days after 61 percent of PeopleSoft shareholders
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The board of PeopleSoft Inc. Wednesday rejected Oracle Corp.'s $24-a-share hostile takeover bid as too cheap, but said it was open to a deal at a higher price. -The Washington Post
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Business software maker  PeopleSoft Inc. PSFT.O said on Saturday that its board again  rejected Oracle Corp.'s ORCL.O $9.2 billion tender offer,  remaining defiant a day after most of its shares were tendered  to Oracle.
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To probably no one&#39;s surprise, the PeopleSoft board again has rejected Oracle&#39;s $9.2 billion bid for the company as insufficient.
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PeopleSoft Inc. PSFT.O on  Wednesday said its board had again unanimously rejected Oracle  Corp.'s ORCL.O $8.8 billion hostile tender offer, and Oracle  immediately appealed to PeopleSoft's shareholders, saying it  would leave the decision up to them.
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While it has so far rejected each of Oracle Corp.&#39;s takeover offers, PeopleSoft Inc.&#39;s board of directors is willing to talk about a deal at the right price, a member of PeopleSoft&#39;s board said Tuesday.
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PHILADELPHIA/SAN FRANCISCO  - PeopleSoft Inc.'s  PSFT.O board  on Wednesday again unanimously rejected Oracle  Corp.'s ORCL.O $8.8-billion hostile tender offer, leaving  Oracle to appeal directly to PeopleSoft shareholders to decide  on the bid for themselves.