PeopleSoftâs board rebuffs Oracleâs âbest and finalâ bid
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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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Senior executives at business software group PeopleSoft unanimously recommended that its shareholders reject a 8.8 billion dollar takeover bid from Oracle Corp, PeopleSoft said in a statement Wednesday.
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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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InfoWorld - PeopleSoft's Board of Directors voted Wednesday to recommend that its stockholders reject Oracle's takeover offer of &#36;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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Oracle Corp. said it was prepared to walk away from its bid for rival business software maker PeopleSoft, saying it had learned that its &quot;final&quot; offer was on the verge of being rejected.
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Business software maker  PeopleSoft Inc. PSFT.O said on Saturday that its board again  rejected Oracle Corp.'s ORCL.O $9.2 billion tender offer,  remaining defiant a day after most of its shares were tendered  to Oracle.
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Oracle Corp. notified Delaware's Court of Chancery of plans to drop a lawsuit pending there against PeopleSoft Inc. if PeopleSoft shareholders reject Oracle's tender offer. The notification is a sign that Oracle is serious about its current offer being the final one.
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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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PEOPLESOFT IS considering a bid from its rival Oracle now that its CEO, who opposed the deal, is out of the way. Peoplesoft director Steven Goldby told a Delaware court on Tuesday that the software maker would
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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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WILMINGTON (DELAWARE): An attorney for Oracle says the company will abandon its legal challenge to PeopleSoft&#39;s anti-takeover protection if shareholders fail to tender a majority of their shares by November 19.
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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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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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WASHINGTON : Senior executives at business software group PeopleSoft have once again spurned a takeover bid from Oracle Corp, even after the latter announced it had control of more than 60 percent of PeopleSoft&#39;s shares.
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Senior executives at business software group PeopleSoft have once again spurned a takeover bid from Oracle Corp, even after the latter announced it had control of more than 60 percent of PeopleSoft&#39;s shares.
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Software maker Oracle Corp.  on Wednesday said it will let PeopleSoft Inc.  shareholders decide for themselves whether to accept Oracle's &#36;8.8 billion hostile takeover bid after learning that PeopleSoft's board of directors will reject it.
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Business software maker  PeopleSoft Inc. on Saturday said its board again rejected  Oracle Corp.'s $9.2 billion tender offer, remaining defiant a  day after most of its shares were tendered to Oracle.