Peoplesoft bid hangs in balance
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Oracle's attempt to buy rival software producer Peoplesoft hangs in the balance as investors consider its $9.2bn takeover offer ahead of Saturday's deadline.
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Oracle&#39;s hostile bid to acquire rival enterprise software maker PeopleSoft for $7.7bn (Â£4.3bn) is set to continue for a bit longer.
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NOVEMBER 29, 2004  - Embattled ERP software vendor PeopleSoft Inc. last week refused to capitulate in its long-running battle with potential purchaser Oracle Corp.
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Oracle increased its takeover bid for rival software company PeopleSoft yesterday, probably the final roll of the dice in what has been an acrimonious battle.
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As PeopleSoft Chief Executive Craig Conway tried to rally customer support Tuesday, even he had to admit that Oracle's &#36;7.7 billion hostile takeover bid is haunting his company.
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S&amp;P Equity Research maintained ratings for PeopleSoft (nasdaq: PSFT - news - people ) and Oracle (nasdaq: ORCL - news - people ). On Saturday, 61% of PeopleSoft shareholders tendered their stock in favor of Oracle&#39;s offer of $24 a share for the company.
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WALNUT CREEK, Calif. - PeopleSoft Inc. rebuffed Oracle Corp.&#39;s latest hostile takeover bid, vowing to fight the $9.2 billion offer even if a majority of shareholders supported it.
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Two major PeopleSoft Inc. shareholders yesterday indicated they would split their votes on whether to accept Oracle Corp's $8.8 billion hostile takeover bid.
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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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A major battle is over, but the war for PeopleSoft (PSFT:Nasdaq - news - research) rages on. Executives of the business software giant continued to resist Oracle&#39;s (ORCL:Nasdaq - news - research) $9 billion
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Shares of PeopleSoft Inc.  traded near a one-year high on Thursday after analysts raised their earnings outlooks for the business software maker, which continues to fight a &#36;9.2 billion hostile takeover bid by Oracle Corp. .
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The standoff between Oracle and PeopleSoft is once again at an impasse, as PeopleSoft&#39;s board refuses to sell the company at the price Oracle has offered, and Oracle refuses to raise its bid.
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Standard &amp; Poor&#39;s Equity Research maintained a &quot;hold&quot; rating on PeopleSoft (nasdaq: PSFT - news - people ), saying the European Commission&#39;s approval of the takeover by Oracle (nasdaq: ORCL - news - people ) removes that last regulatory hurdle to the
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NEW YORK, November 16  - PeopleSoft&#39;s (PSFT.NAS) leading shareholders have disclosed different views on Oracle&#39;s (ORCL) $8.
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One major shareholder says it won't touch Oracle's latest offer. Another says it likes the price. Who'll prevail?
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Oracle Corp.'s &#36;24-a-share hostile takeover bid for PeopleSoft Inc. heated up anew yesterday as tonight's deadline for stockholders to offer their shares for sale approached.
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Ziff Davis - PeopleSoft continues on the upgrade path despite the threat of a takeover by Oracle.