Directors rebuff Oracle&#39;s $24 bid
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PeopleSoft Inc.&#39;s board of directors said Saturday it will not accept Oracle Corp.&#39;s bid to buy the company for $24 per share, even after 61 percent of the Pleasanton firm&#39;s investors endorsed the offer.
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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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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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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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Oracle rejected BEA Systems' proposed purchase price of $21 per share, calling it "impossibly high" for Oracle or any other company.
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Oracle Corp. chief executive Lawrence Ellison said discussions within the company at this point are leaning toward lowering the &#36;21-a-share bid Oracle is offering for rival PeopleSoft Inc.
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PeopleSoft (Profile, Products, Articles) Inc. won&#39;t discuss a sale to Oracle (Profile, Products, Articles) Corp. for a price of $24 per share, the company&#39;s board of directors
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While it has rejected each of Oracle Corp.'s takeover offers today, PeopleSoft's board of directors is willing to talk about a deal at the right price, a member of the company's board said today.
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A PeopleSoft director testified on Tuesday that he would be open to considering Oracle's $7.7 billion offer. But, PeopleSoft executives said the company remains opposed.
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The board of PeopleSoft Inc. Wednesday rejected Oracle Corp.'s $24-a-share hostile takeover bid as too cheap, but said it was open to a deal at a higher price. -The Washington Post
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PeopleSoftâs board unanimously rejected Wednesday Oracleâs âbest and final bidâ of $24 a share claiming that the $8.8-billion hostile tender offer undervalued the company.
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Oracle Corp. on Monday again asked PeopleSoft Inc.&#39;s board of directors to rescind an anti-takeover provision, as the two business software makers prepared to return
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SYDNEY: Directors of Australian mining giant WMC Resources Ltd. have rejected a renewed A$7.4b (US$5.7b) takeover offer from British-Swiss Xstrata Plc.
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PeopleSoft&#39;s board of directors is refusing yet again to entertain Oracle&#39;s all-cash tender offer, according to a news release issued by Oracle on Wednesday afternoon.
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Oracle said today that it has learned that PeopleSoft will reject its $8.8bn, $24 a share, &quot;best and final&quot; cash tender offer.
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Oracle raised its hostile tender offer for PeopleSoft today to $24 a share from $21 a share. The higher bid, which values Peoplesoft at $9.
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PeopleSoft Inc.'s board of directors rejected Oracle Corp.'s &#36;9.2 billion takeover bid Wednesday and vowed to continue its staunch resistance even if a majority of the business software maker's shareholders decide to accept the offer.