PeopleSoft: Sour on a Sweetened Bid?
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An end to the 17-month takeover squabble between software giant Oracle (ORCL ) and rival PeopleSoft (PSFT ) may not be in sight even though, in what Chairman Jeffrey O. Henley called a &quot;best and final&quot; offer, Oracle on Nov.
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Two days after a PeopleSoft Inc. board member suggested the company may be willing to sell to Oracle Corp. for the right price, an Oracle director said his firm&#39;s offer to buy its Pleasanton rival for $21 per share may not be final.
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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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A Register History The tale of Oracle&#39;s attempt to buy Peoplesoft is a story of Larry Ellison&#39;s relentless pursuit of his target in the face of implacable hostility from the PeopleSoft board.
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Oracle may be celebrating its long-awaited union with PeopleSoft, but a day after the landmark deal not everyone is happy. Among the people likely to be looking at the $10.3 billion merger with some trepidation
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Oracle Corp.&#39;s $24-a-share hostile takeover bid for PeopleSoft Inc. heated up anew yesterday as tonight&#39;s deadline for stockholders to offer their shares for sale approached.
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PeopleSoft investors keep $9.2 billion bid in play, but the deal still faces hurdles.
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PeopleSoft said it could accept a takeover bid from Oracle and now needs time to weigh on it. Oracle has been haunting PeopleSoft for 15 months with the possible bid of $7.
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Don't say the O word at PeopleSoft's conference, where the company tries to entice customers to stick around and upgrade.
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Opinion I thought it was a joke when Oracle first announced that it was going to try to buy PeopleSoft; or, at best, a spoiling tactic over PeopleSoft&#39;s acquisition of JD Edwards.
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Oracle yesterday raised its hostile takeover offer for rival software company PeopleSoft by 14%, to $8.8bn (Â£4.37bn), and for the first time set a deadline for acceptance of the bid.
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No one can envy the position of PeopleSoft (Nasdaq: PSFT) executives as they enter their annual Connect user conference this week. Last year's show was dominated by speculation over Oracle's (Nasdaq: ORCL) hostile takeover bid for the company -- a prospect they hoped would be squelched by this year.
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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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As PeopleSoft Chief Executive Craig Conway tried to rally customer support Tuesday, even he had to admit that Oracle's &#36;7.7 billion hostile takeover bid is haunting his company.
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After 18 months of rancor, Oracle makes PeopleSoft an offer it can't refuse.  Also: IBM, AMD find ways to boost the performance of silicon chips & hellip;.  Survey ranks the most IT savvy countries; U.S. slips to 7th place & hellip;. and more.
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Last week&#39;s news that Oracle will buy PeopleSoft for a small premium over Oracle&#39;s most recent offer was almost the ultimate in anticlimaxes.
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American software giant PeopleSoft remained defiant against Oracle&#39;s hostile $9.2billion (Â£5billion) bid yesterday despite PeopleSoft shareholders backing the offer over the weekend.