PeopleSoft shareholders back Oracle bid
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Oracle Corp CEO Larry Ellison won the backing of PeopleSoft Inc shareholders for his US$8.8 billion hostile takeover bid, taking him a step closer to clinching the deal after a 17-month fight.
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NEW YORK, November 16  - PeopleSoft&#39;s (PSFT.NAS) leading shareholders have disclosed different views on Oracle&#39;s (ORCL) $8.
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PHILADELPHIA/SAN FRANCISCO  - Two top stakeholders  in takeover target PeopleSoft Inc., tipped their hands on  Tuesday, with one investment fund saying it will tender its  shares for Oracle Corp.'s $8.8 billion hostile bid while  another pledged against it.
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â¢ 2004-11-22 â¢ Oracle has won a key victory in its battle to acquire PeopleSoft, with PeopleSoft&#39;s investors agreeing to sell Oracle 60 per cent of PeopleSoft&#39;s outstanding shares.
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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 said it rejected Oracle Corp.'s $9.2 billion takeover bid Saturday, continuing its staunch resistance a day after the company's own shareholders tendered more than 60 percent of stock to Oracle.
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PeopleSoft board of directors might not be supporting it, but almost 60% of the shareholders have given their support to the Oracleâs bid to take over PeopleSoft.
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A majority of PeopleSoft'sÂ shareholders gave OracleÂ the green light to continue its hostile bid for control of the company, tendering more than 60 percent of PeopleSoft's outstanding shares into Oracle's $24 per share cash offer by the Friday deadline.
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PeopleSoft's board of directors rejected Oracle's &#36;9.2 billion takeover bid Wednesday, thrusting the business software maker's fate in the hands of its shareholders.
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PeopleSoft Inc.&#39;s shareholders have spoken: They want to sell their company to Oracle Corp. for $24 per share. In another victory for Oracle Chief Executive Officer Larry Ellison in his bid to buy PeopleSoft
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Reflecting the uncertainty that has always swirled around Oracle Corp.'s hostile bid for control of PeopleSoft Inc., two major PeopleSoft shareholders have reached opposite conclusions on how to cast their votes on Oracle's buyout offer.
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Oracle Corp. ORCL.O on Friday  won the backing of two more key public pension funds in its  $8.8-billion hostile bid for PeopleSoft Inc. PSFT.O as the  17-month takeover battle between the two California-based  business software makers neared a key deadline.
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Oracle Corp. Chief Executive Officer Larry Ellison won PeopleSoft Inc. investors&#39; backing for his $8.8 billion bid to buy the software maker, a victory that brings him a step closer to winning the 17-month hostile takeover fight.
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Peoplesoft agrees a $10.3bn takeover bid from rival business software firm Oracle, after an 18-month corporate battle.
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NEW YORK, October 12  - PeopleSoft Inc (PSFT.NAS) has extended a money-back guarantee programme for its customers, aimed at protecting the customers&#39; interests in the event of the company&#39;s takeover by Oracle Corporation (ORCL).
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Oracle Corp.  on Monday said rival business software maker PeopleSoft Inc.'s  board has accepted a sweetened purchase offer of about &#36;10.3 billion, ending a long and bitter hostile takeover battle.
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Two top stakeholders in takeover target PeopleSoft Inc., tipped their hands on Tuesday, with one investment fund saying it will tender its shares for Oracle Corp.'s &#36;8.8 billion hostile bid while another pledged against it.