Oracle Extends Hostile Offer for PeopleSoft
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Oracle said that it had extended its hostile tender offer for PeopleSoft to Sept. 10, as it awaits a ruling on whether the takeover attempt can proceed.
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LONDON -- As Oracle Corp. pushes forward with its hostile bid to acquire rival enterprise software maker PeopleSoft Inc. for $7.7 billion, it is also sizing up further acquisition options, according to Oracle President, Charles Phillips.
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Oracle Corp. has extended its $7.7 billion hostile takeover bid for Pleasanton&#39;s PeopleSoft Inc. until Sept. 10. Redwood City-based Oracle&#39;s previous offer would have expired at 9 pm Friday.
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Oracle Relevant Products/Services from Oracle, backed by what the company views as a favorable response from PeopleSoft Latest News about PeopleSoft stockholders, is applying more pressure in an effort to complete its proposed US$9.2 billion hostile
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Oracle raised its hostile bid for rival business software maker PeopleSoft by 14 percent yesterday, aiming to bring a resolution to the long-running takeover battle between the foes.
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Oracle Corp. raised the stakes in its hostile bid for PeopleSoft Inc. Monday by increasing its offer to $24 per share, boosting the value of the proposed merger to $9.
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Oracle has again extended its $7.7 billion cash offer for PeopleSoft by two weeks. Shareholders now have until Oct. 22 to tender their shares, Oracle said Thursday.
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Investors continued to bet Friday that most PeopleSoft Inc. shareholders will back Oracle Corp.'s &#36;9.2 billion takeover bid for its bitter rival, further extending a bruising battle that already has dragged on for more than 17 months.
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Oracle has extended the deadline for PeopleSoft investors to tender their shares in its hostile bid to acquire its business software rival--the 11th extension of the offer since Oracle launched the bid more than 15 months ago.
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Oracle Corp.&#39;s hostile bid to acquire rival enterprise software maker PeopleSoft Inc. for $7.7 billion is set to continue for a bit longer.
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Oracle announced Monday that it has increased its PeopleSoft takeover bid to US$24 a share, calling the figure its &quot;best and final&quot; offer for its rival.
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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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At the 11th hour for Oracle&#39;s latest tender offer for PeopleSoft, the battle between companies continues to escalate. PeopleSoft founder and Chief Executive David Duffield on Thursday accused Oracle of issuing
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Oracle Corp. extended its tender offer for PeopleSoft Inc.'s outstanding shares until tomorrow night, after narrowly missing the volume of shares it requires to bring the merger to a speedy close.
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NOVEMBER 01, 2004  - The end may be in sight in the ongoing saga of Oracle Corp.&#39;s hostile takeover bid for embattled competitor PeopleSoft Inc.
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Business software maker  Oracle Corp. (ORCL.O) said on Thursday it extended again its &#36;7.7 billion hostile tender offer for PeopleSoft Inc. (PSFT.O), to Sept. 10, as it awaits a U.S. District Court judge's ruling on whether the takeover attempt can move forward.
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Oracle extended its $7.7 billion tender offer for all outstanding shares of PeopleSoft yet again on Thursday, as it waits for US District Court Judge Vaughn Walker to issue a decision in an antitrust lawsuit that aims to permanently block the buyout.