PeopleSoft Directors Reject Oracle's Offer
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The board of PeopleSoft Inc. Wednesday rejected Oracle Corp.'s $24-a-share hostile takeover bid as too cheap, but said it was open to a deal at a higher price. -The Washington Post
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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 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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SAN FRANCISCO - Business-software maker PeopleSoft said Saturday its board had again unanimously rejected Oracle&#39;s $9.2 billion tender offer as inadequate, a day after 61 percent of PeopleSoft shares were tendered to Oracle.
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PeopleSoft&#39;s (PSFT) board Wednesday rejected Oracle&#39;s (ORCL) &quot;best and final&quot; hostile takeover bid worth about $8.
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PeopleSoft Inc.'s board of directors rejected Oracle Corp.'s &#36;9.2 billion takeover bid Wednesday and vowed to continue its staunch resistance even if a majority of the business software maker's shareholders decide to accept the offer.
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Oracle will try to prove that PeopleSoft's directors acted irresponsibly in rejecting Oracle's $7.7 billion tender offer.
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Senior executives at business software group PeopleSoft unanimously recommended that its shareholders reject a 8.8 billion dollar takeover bid from Oracle Corp, PeopleSoft said in a statement Wednesday.
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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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The PeopleSoft Inc. director who has been leading the defense of the software company&#39;s antitakeover measures said Tuesday the company&#39;s board is willing to talk about a deal with rival Oracle Corp.
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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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A federal judge rejects the US government's bid to block software giant Oracle's hostile takeover of rival PeopleSoft.
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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 rejects Oracle one last time. Or does it?
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PeopleSoft Inc.&#39;s board of directors said Saturday it will not accept Oracle Corp.&#39;s bid to buy the company for $24 per share, even after 61 percent of the Pleasanton firm&#39;s investors endorsed the offer.
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While it has so far rejected each of Oracle Corp.&#39;s takeover offers, PeopleSoft Inc.&#39;s board of directors is willing to talk about a deal at the right price, a member of PeopleSoft&#39;s board said Tuesday.
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WILMINGTON, Del. - Oracle Corp. Chief Executive Larry Ellison denied Friday that his company&#39;s $7.7 billion bid to buy PeopleSoft Inc.