PeopleSoft Board Says NO To Oracle
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The PeopleSoft Board concluded that PeopleSoft is worth much more than the $24 per share price offered by Oracle. They reiterated that they will not sell the company for less than it is worth.
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Oracle Corp. on Monday said it asked Peoplesoft Inc.&#39;s board of directors to rescind an anti-takeover provision, two days after a majority of PeopleSoft shareholders tendered their
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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.
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CNET is reporting that US District Judge Vaughn Walker in San Francisco has denied a request by the Antitrust Division of the federal Department of Justice to issue an injunction against Oracle&#39;s hostile acquisition of business software maker PeopleSoft
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Business software maker  PeopleSoft Inc. on Saturday said its board again rejected  Oracle Corp.'s $9.2 billion tender offer, remaining defiant a  day after most of its shares were tendered to Oracle.
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The board of software vendor PeopleSoft has advised shareholders to reject Oracle&#39;s takeover bid for a fifth time, pushing the long-running saga closer towards a proxy battle next Spring.
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PeopleSoft (Profile, Products, Articles) Inc. won&#39;t discuss a sale to Oracle (Profile, Products, Articles) Corp. for a price of $24 per share, the company&#39;s board of directors
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NOVEMBER 22, 2004 (IDG NEWS SERVICE) - PeopleSoft Inc. won&#39;t discuss a sale to Oracle Corp. for a price of $24 per share, the company&#39;s board of directors told Oracle CEO Larry Ellison in a letter on Saturday.
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PeopleSoft's board ousted Craig Conway as CEO after he made a misleading statement about the company's ability to recruit customers while fending off Oracle's &#36;7.7 billion hostile takeover bid, a PeopleSoft board member testified in court Monday.
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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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Oracle Corp. said Monday it will drop a lawsuit it filed in Delaware against PeopleSoft, its rival and takeover target, if a majority of PeopleSoft
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PeopleSoft's board of directors today rejected Oracle's latest $24-per-share "best and final offer" for the company, leaving the outcome in the hands of PeopleSoft shareholders.
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Business-software maker PeopleSoft Inc.  on Saturday said its board has again unanimously rejected Oracle Corp.'s  &#36;9.2 billion tender offer, even after 61 percent of PeopleSoft shares had been tendered to Oracle.
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PLEASANTON, Calif. PeopleSoft&#39;s board of directors said it srejected Oracle Corp.&#39;s nine-point-two (b) billion dollar takeover bid Saturday.
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Oracle said today that it has learned that PeopleSoft will reject its $8.8bn, $24 a share, &quot;best and final&quot; cash tender offer.
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PeopleSoft Inc.'s  board  on Wednesday again unanimously rejected Oracle Corp.'s  &#36;8.8-billion hostile tender offer, leaving Oracle to appeal directly to PeopleSoft shareholders to decide on the bid for themselves.
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The standoff between Oracle and PeopleSoft is once again at an impasse, as PeopleSoft's board refuses to sell the company at the price Oracle has offered, and Oracle refuses to raise its bid.