PeopleSoft reject final Oracle offer
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&quot;The board concluded that PeopleSoft is worth substantially more than Oracle&#39;s latest offer. We are a vibrant, strong company with a focused, motivated management
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PeopleSoftâs board unanimously rejected Wednesday Oracleâs âbest and final bidâ of $24 a share claiming that the $8.8-billion hostile tender offer undervalued the company.
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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.
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SAN FRANCISCO -- PeopleSoft Inc.'s board of directors rejected Oracle Corp.'s $9.2 billion takeover bid yesterday, thrusting the business software maker's fate into the hands of its shareholders.
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Oracle has sent an open letter to PeopleSoft stockholders, urging them to accept its $24-er-share bid to buy the company. Oracle charges that PeopleSoft&#39;s board has denied shareholders the
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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 $9.2-billion takeover bid.
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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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LOS ANGELES (CBS.MW) -- A Delaware judge rejected the proposed settlement of a lawsuit brought against PeopleSoft Inc. by shareholders over the company&#39;s resistance to Oracle Corp.
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Oracle made its âbest and finalâ offer of $24 per share of PeopleSoft today (November 1). The all-cash offer values PeopleSoft at $9.
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Senior executives at business software group PeopleSoft have once again spurned a takeover bid from Oracle Corp, even after the latter announced it had control of more than 60 percent of PeopleSoft's shares.
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PeopleSoft reiterated on Tuesday its opposition to a $7.7 billion takeover offer from Oracle after the European Union approved the bid, removing the last regulatory hurdle to a deal.
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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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Defining the word unsurprising, PeopleSoft&#39;s board of directors unanimously rejected Oracle&#39;s &quot;best and final&quot; $24 per share offer for the company.
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PeopleSoft finally gave in yesterday and accepted a $10.3bn (Â£5.4bn) takeover proposal from its larger rival Oracle, ending a pursuit that has lasted 18 months and has been marked by bitter personal insults and a series of courtroom battles.
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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.
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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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Oracle Corp. said it was prepared to walk away from its bid for rival business software maker PeopleSoft, saying it had learned that its &quot;final&quot; offer was on the verge of being rejected.