PeopleSoft Director: Price Could Be Right
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It&#39;s been a remarkably surprising October for PeopleSoft, and it isn&#39;t even Halloween yet. Last week, the company unceremoniously fired CEO Craig Conway and brought back founder Dave Duffield to take charge.
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The PeopleSoft Board concluded that PeopleSoft is worth much more than the $24 per share price offered by Oracle. They reiterated that they will not sell the company for less than it is worth.
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The PeopleSoft director who has been leading the defense of the software company's anti-takeover measures said Tuesday the company's board is willing to talk about a deal with rival Oracle.
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PeopleSoft&#39;s profit may drop &quot;significantly&quot; this year and may have trouble surviving on its own, according to testimony Monday by an Oracle executive.
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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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Oracle Corp. CEO Larry Ellison raised his company&#39;s offer for rival PeopleSoft Inc. to $24 a share, or $9.2 billion, calling the fifth bid over a 17-month takeover battle the &quot;best and final&quot; offer.
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PeopleSoft's Board of Directors voted Wednesday to recommend that its stockholders reject Oracle's takeover offer of $24 per share. Oracle CEO Larry Ellison quickly responded, saying the offer is final and that it is now up to PeopleSoft's shareholders to make a determination.
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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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May I buy your beloved pet dog, just so I can take him around back and shoot him? That&#39;s how the chief executive of PeopleSoft, Craig Conway, described Oracle&#39;s hostile bid for his company
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LOS ANGELES (CBS.MW) - Oracle&#39;s chief executive Larry Ellison on Friday said the company may be inclined to lower its $7.7 billion hostile offer for PeopleSoft, according to published reports.
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With third quarter revenues of $161 million, strong earnings per share, healthy cash flow and robust projections to back them up, PeopleSoft&#39;s directors are advising shareholders that Oracle&#39;s
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While it has so far rejected each of Oracle&#39;s takeover offers, PeopleSoft&#39;s board of directors is willing to talk about a deal at the right price, a member of PeopleSoft&#39;s board said on October 5. On the stand
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A director of business software maker Peoplesoft says the firm may be ready to negotiate with its would-be buyer, Oracle.
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With a major hurdle out of the way but a few more tough ones up ahead, Oracle&#39;s bid to buy PeopleSoft could boil down to one question: What price is right?
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PeopleSoft may be willing to be bought by Oracle after all--if the price is right. Steven Goldby, a PeopleSoft board member, testified Tuesday in the trial taking place in Delaware that a sale would be possible
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There was a twist in Oracle&#39;s hostile takeover bid for PeopleSoft earlier this week when a PeopleSoft director testified in court that he would be open to discussions about a merger.
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&quot;The board concluded that PeopleSoft is worth substantially more than Oracle&#39;s latest offer. We are a vibrant, strong company with a focused, motivated management