PeopleSoft&#39;s board said it rejects Oracle bid
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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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PeopleSoft&#39;s board ousted Craig Conway as CEO after he made a misleading statement about the company&#39;s ability to recruit customers while fending off Oracle&#39;s $7.
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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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WILMINGTON, Del. - Oracle Corp. Chief Executive Larry Ellison denied Friday that his company&#39;s $7.7 billion bid to buy PeopleSoft Inc.
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(SAN FRANCISCO) - PeopleSoft is asking its shareholders to reject what Oracle calls its &quot;best and final offer&quot; to buy the company.
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&quot;We believe that Oracle has nominated this slate to allow Oracle to purchase PeopleSoft for an inadequate price that does not reflect the Company&#39;s real value,&quot; PeopleSoft said in a statement.
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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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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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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.
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That sentiment came after PeopleSoft&#39;s board rejected Oracle&#39;s latest offer for the company, which amounted to USD24 per share.
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Let the bidding begin! A federal judge Thursday rejected a government attempt to block Oracle&#39;s proposed takeover of rival PeopleSoft.
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The board expresses a loss of confidence, but denies the firing is linked with Oracle's takeover bid.
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Oracle&#160;on Tuesday morning said that BEA Systems has officially rejected its&#160;offer to acquire the company. BEA had previously said the&#160;offer was too low.
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PeopleSoft Inc. said its board remains convinced Oracle Inc.&#39;s $24-a-share takeover bid is ``inadequate&#39;&#39; and said it will not sell the company for less than it&#39;s worth.
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Pleasanton based Peoplesoft says its board remains convinced that Oracleâs $24 a share bid is inadequate and the board says it will not sell the company for less than itâs worth.
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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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PeopleSoft Inc.&#39;s board of directors urged company shareholders on Wednesday to reject Oracle Corp.&#39;s bid of $24 per share for the Pleasanton firm, casting more uncertainty on the 17-month takeover battle.