Oracle tips directors for PeopleSoft board
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Software company Oracle Corp said on Wednesday it planned to nominate four candidates for election in 2005 to the board of its rival and takeover target PeopleSoft Inc.
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Business software maker Oracle Corp. has awarded 60,000 stock options to its newest director to supplement a $52,500 annual retainer, according to documents filed Tuesday.
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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's board is willing to talk about a deal if the price is right.
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Two top stakeholders in takeover target PeopleSoft Inc., (PSFT.O: Quote, Profile, Research) tipped their hands on Tuesday
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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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PLEASANTON, California The board of directors of PeopleSoft has rejected Oracle&#39;s $9.2 billion takeover bid, continuing its resistance a day after the company&#39;s own shareholders tendered more than 60 percent of stock to Oracle.
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PLEASANTON, Calif. --(Business Wire)-- Nov. 20, 2004 -- PeopleSoft, Inc. (Nasdaq:PSFT) today sent a letter to Lawrence Ellison, Chief Executive Officer and Jeffrey Henley, Chairman of Oracle Corporation (Nasdaq: ORCL).
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In a statement, PeopleSoft's board of directors cited "a loss of confidence in Mr. Conway's ability to continue to lead the Company."
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In an apparent bid to ease workplace anxiety amid the threat of a possible takeover by Oracle, PeopleSoft directors have approved more-generous severance packages for employees in the event of a sale.
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PeopleSoft Inc.&#39;s board of directors urged company shareholders on Wednesday to reject Oracle Corp.&#39;s bid of $24 per share for the Pleasanton firm, casting more uncertainty on the 17-month takeover battle.
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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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Pleasanton based Peoplesoft says its board remains convinced that Oracleâs $24 a share bid is inadequate and the board says it will not sell the company for less than itâs worth.
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Sorry to say, one good guy is history at PeopleSoft. And from what can be heard from the company&#39;s board, soon, the exceptional software company itself will soon be a footnote in Oracle&#39;s annual report.
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Despite a clear-cut show of support among its shareholders to accept Oracle&#39;s hostile takeover bid, PeopleSoft&#39;s board is digging in for a fight.
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NEW YORK - Soon after an Oracle Corp. director said Oracle's current $21 per share offer for control of PeopleSoft Inc. 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 Inc. Chief Executive Officer (CEO) and President Craig Conway was shown the door on Friday by the company's board of directors, who immediately replaced him with Dave Duffield, PeopleSoft's founder and chairman.