Oracle: PeopleSoft Board to Reject Bid
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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&#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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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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PLEASANTON, California - PeopleSoft Inc.&#39;s board yesterday rejected Oracle Corp.&#39;s $9.2 billion takeover bid, continuing its resistance after the company&#39;s own shareholders tendered more than 60 percent of their stock to Oracle.
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An attorney for Oracle Corp. says the company will abandon its legal challenge to PeopleSoft Inc.'s antitakeover protections if shareholders fail to tender a majority of their shares by a Nov. 19 deadline.
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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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PeopleSoft is worth substantially more than $24 a share, according to its own board of directors. So saying, the board rejected Oracle&#39;s latest offer to purchase the enterprise software company.
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SAN FRANCISCO - While it has so far rejected each of Oracle Corp.'s takeover offers, PeopleSoft Inc.'s board of directors is willing to talk about a deal at the right price, a member of PeopleSoft's board said Tuesday.
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PeopleSoft Inc.'s board is prepared to drop its ferocious resistance to Oracle Corp.'s hostile takeover bid and negotiate a price above the current &#36;7.7 billion offer if there's "high certainty" a deal can be done quickly, a company director said in court Tuesday.
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To probably no one&#39;s surprise, the PeopleSoft board again has rejected Oracle&#39;s $9.2 billion bid for the company as insufficient.
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SAN FRANCISCO (CBS.MW) - PeopleSoft shares fell in premarket trade Thursday after the company rejected Oracle&#39;s latest takeover offer of $24 a share, worth at least $8.
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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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PeopleSoft Inc.'s board of directors said it rejected Oracle Corp.'s &#36;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's board rejects Oracle one last time. Or does it?
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The software maker has indicated it could abandon the hunt for PeopleSoft if it does not win support for a tender offer.
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WILMINGTON, Del. A director at PeopleSoft says the company&#39;s board is ready to drop its resistance to Oracle&#39;s hostile takeover bid -- if it can strike a better deal.