Oracle at Impasse With PeopleSoft
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Oracle said that it was at an impasse with PeopleSoft Inc., signaling that the two software makers will wage a proxy battle.
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Less than a month after a federal court ruled that Oracle could pursue its hostile takeover of PeopleSoft, and almost immediately after PeopleSoft on Friday fired Craig Conway, its chief executive, the skirmish between the two companies is shifting to a
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Two major PeopleSoft Inc. shareholders yesterday indicated they would split their votes on whether to accept Oracle Corp's $8.8 billion hostile takeover bid.
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NEW YORK  - Software giant Oracle Corp.&#39;s shares dipped while the stock of its rival, PeopleSoft, rose ahead of a court battle this week over PeopleSoft&#39;s resistance to Oracle&#39;s 18-month-old takeover bid.
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The battle for the heart and soul of PeopleSoft is going down to the wire, with major shareholders split as to what the company should do.
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Oracle won a key legal victory in its quest to buy PeopleSoft last week, but the grueling war for control of its software rival is far from over, industry analysts say.
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At its user conference on Wednesday, Oracle continued sending mixed messages to PeopleSoft customers concerned about how Oracle will support their products if it succeeds in its $9.2 billion takeover bid.
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Oracle Corp. continued to put the pressure on PeopleSoft Inc. Thursday by extending its takeover offer for the 11th time since launching the $7.
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As PeopleSoft Chief Executive Craig Conway tried to rally customer support Tuesday, even he had to admit that Oracle's &#36;7.7 billion hostile takeover bid is haunting his company.
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Oracle is in merger talks with other technology companies as it awaits the outcome of its $9.2 billion hostile takeover attempt for rival PeopleSoft.
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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 (PSFT) CEO Craig Conway isn&#39;t about to go down without a fight in his company&#39;s takeover tussle with rival Oracle (ORCL).
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SAN FRANCISCO -- PeopleSoft Inc. is trying to create a party-like atmosphere at its annual customer conference, but this week's gathering may feel more like a wake with rival Oracle Corp.'s $7.7 billion takeover bid looming larger than ever.
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Sure, the PeopleSoft board told shareholders to just say no. This battle will go down to the wire, and even afterward Ellison could prevail.
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Oracle will continue its pursuit of PeopleSoft this week, asking a judge to dismantle one of the last obstacles to a deal.
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SAN FRANCISCO Business software maker PeopleSoft has scheduled its annual meeting for March 25th. That sets the date for a potentially decisive showdown in a fierce battle to fend off rival Oracle&#39;s hostile takeover attempt.
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A major battle is over, but the war for PeopleSoft (PSFT:Nasdaq - news - research) rages on. Executives of the business software giant continued to resist Oracle&#39;s (ORCL:Nasdaq - news - research) $9 billion