Oracle Extends Hostile Offer for PeopleSoft
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Oracle said that it had extended its hostile tender offer for PeopleSoft to Sept. 10, as it awaits a ruling on whether the takeover attempt can proceed.
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LOS ANGELES (CBS.MW) - Oracle Corp. on Monday raised its hostile bid for rival PeopleSoft to $8.8 billion, calling the bid its &quot;best and final offer,&quot; as CEO Larry Ellison raised the stakes in a 17-month takeover
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While it waits for a federal court to rule on its hostile bid for PeopleSoft, Oracle (Quote, Chart) is keeping the deal in play. The database giant extended its previously announced tender offer of $21 for
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SAN FRANCISCO (CBS.MW) -- Oracle late Thursday extended its hostile bid for PeopleSoft for the 13th time, leaving its $7.7 billion offer unchanged at $21 per share.
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Exec says hostile bid was made out of fear that PeopleSoft would deploy tough defensive measures. WILMINGTON, Del. (Dow Jones) - Oracle Corp.
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Oracle Corp. raised its takeover offer for PeopleSoft Inc. by 14 percent to $8.8 billion, increasing the pressure on the smaller software company to give up its 17-month fight against the bid.
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Oracle Corp. ORCL.O on Thursday  said it had again extended its $7.7 billion tender offer for  all of the common stock of rival business software maker  PeopleSoft Inc. PSFT.O though it did not change the terms of  its hostile takeover proposal.
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Oracle sweetened its hostile bid for rival business software maker PeopleSoft to $9.2 billion, a 14% increase aimed at resolving the long-running takeover battle between the bitter foes.
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PeopleSoft Inc. PSFT.O on  Wednesday said its board had again unanimously rejected Oracle  Corp.'s ORCL.O $8.8 billion hostile tender offer, and Oracle  immediately appealed to PeopleSoft's shareholders, saying it  would leave the decision up to them.
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Silicon Valley&#39;s longest and most bitter hostile takeover battle is finally at an end after Oracle announced PeopleSoft, its rival business software maker, had accepted an improved purchase offer of $10.3 billion.
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Software manufacturer Oracle Corp. said Monday that it raised its hostile bid for rival PeopleSoft Inc. to $24 per share from $21, and said the new price represents the company&#39;s &quot;best and final offer.
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Company will report preliminary count of its $8.8B hostile bid for PeopleSoft after 1 am ET. NEW YORK  - Oracle Corp. said it would report preliminary results of its $8.8 billion hostile tender offer
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American software giant PeopleSoft remained defiant against Oracle&#39;s hostile $9.2billion (Â£5billion) bid yesterday despite PeopleSoft shareholders backing the offer over the weekend.
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Oracle Corp. (ORCL.O: Quote, Profile, Research) , the world&#39;s second-biggest software company, on Thursday said it again extended its $7.
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Oracle extended its offer to acquire PeopleSoft for $7.7 billion from today to Sept. 10 -- the 10th time is has made an extension since launching the takeover campaign in June 2003.
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Oracle Corp., the world&#39;s second-largest software firm, made what it called its last and best offer for rival PeopleSoft Inc. on Monday in a takeover battle that has now raged for almost a year and a half.
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Oracle Corp. has again extended its $7.7 billion cash offer for PeopleSoft Inc. Shareholders now have until Oct. 8 to tender their shares, Oracle said Thursday.