Some shareholders accept, others reject Oracle bid
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SAN FRANCISCO (CBS.MW) -- PeopleSoft&#39;s board could be the target of another shareholder lawsuit over the anti-takeover measures it adopted to fend off a hostile bid from rival Oracle, according to a lawyer representing a group of PeopleSoft shareholders.
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Oracle has sent an open letter to PeopleSoft stockholders, urging them to accept its $24-er-share bid to buy the company. Oracle charges that PeopleSoft&#39;s board has denied shareholders the
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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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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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He says he will walk away if the majority of shareholders don&#39;t themselves sell to Oracle by Nov. 19. By Rick Whiting. PeopleSoft&#39;s fate is in the hands of its shareholders.
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Two of PeopleSoft's largest shareholders indicated Tuesday that they would split on supporting Oracle's &#36;8.8 billion takeover bid for its business software rival, plunging the deal into uncertainty.
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Investor's Business Daily - The oracle of Oracle   seems to have pulled another rabbit out of his hat in his quest to buy rival PeopleSoft  . A majority of PeopleSoft shareholders appeared poised Friday to accept Oracle's offer of &#36;24 per share, though two analysts said it would be close. (Oracle planned to reveal results of its tender offer at about midnight, after press time.)
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To hear Oracle (Nasdaq: ORCL) tell it, PeopleSoft (Nasdaq: PSFT) users, as well as its stockholders, are becoming more comfortable with -- or at least resigned to -- the idea of Oracle's proposed acquisition of the enterprise software company.
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PeopleSoft's board of directors today rejected Oracle's latest $24-per-share "best and final offer" for the company, leaving the outcome in the hands of PeopleSoft shareholders.
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REDWOOD SHORES, Calif. Investors continue to bet today that most PeopleSoft shareholders will back Oracle&#39;s nine-point-two (b) billion-dollar takeover bid for its bitter rival.
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PeopleSoft customers are unlikely to switch to a new software supplier following the company&#39;s acceptance of Oracle&#39;s $10.3bn takeover bid, say analysts.
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PeopleSoft Inc.&#39;s shareholders have spoken: They want to sell their company to Oracle Corp. for $24 per share. In another victory for Oracle Chief Executive Officer Larry Ellison in his bid to buy PeopleSoft
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NEW YORK, November 11  - PeopleSoft Inc (PSFT.NAS) has again rejected Oracle Corporation&#39;s (ORCL) &quot;best and final&quot; takeover bid, while urging its shareholders to reject Oracle&#39;s $24 per share tender offer as well.
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LOS ANGELES (CBS.MW) -- As the deadline for what Oracle Corp. has called its &quot;best and final&quot; offer for PeopleSoft Inc. looms, two of the unwilling takeover target&#39;s top shareholders were split Tuesday on whether to back the $9.2 billion bid.
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PeopleSoft Inc.'s board of directors said it rejected Oracle Corp.'s &#36;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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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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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.