PeopleSoft board rejects bid
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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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Oracle says it will nix the claim unless PeopleSoft shareholders agree to sell at least half their holdings by on Nov. 19.
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PHILADELPHIA/SAN FRANCISCO  - PeopleSoft Inc.'s  PSFT.O board  on Wednesday again unanimously rejected Oracle  Corp.'s ORCL.O $8.8-billion hostile tender offer, leaving  Oracle to appeal directly to PeopleSoft shareholders to decide  on the bid for themselves.
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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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The Delaware judge overseeing the legal wrangling there between PeopleSoftÂ and hostile suitor OracleÂ rejected on Wednesday a settlement that PeopleSoft had arranged with a group of dissident 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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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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The London Stock Exchange  reiterated on Tuesday its rejection of a 2.7 billion pound ($5.3 billion) bid from U.S. rival Nasdaq Stock Market Inc .
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The Delaware judge overseeing the legal wrangling there between PeopleSoft (Profile, Products, Articles) and hostile suitor Oracle (Profile, Products, Articles) rejected on
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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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Board member testifies Conway was fired because he said Oracle&#39;s offer didn&#39;t affect business. WILMINGTON, Del.  - Former PeopleSoft Inc.
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Business-software maker PeopleSoft Inc.  on Saturday said its board has again unanimously rejected Oracle Corp.'s  &#36;9.2 billion tender offer, even after 61 percent of PeopleSoft shares had been tendered to Oracle.
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PeopleSoft Inc.&#39;s board of directors urged company shareholders on Wednesday to reject Oracle Corp.&#39;s bid of $24 per share for the Pleasanton firm, casting more uncertainty on the 17-month takeover battle.
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SAN FRANCISCO -- PeopleSoft Inc.'s board of directors rejected Oracle Corp.'s $9.2 billion takeover bid yesterday, thrusting the business software maker's fate into the hands of its shareholders.
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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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While it has so far rejected each of Oracle Corp.&#39;s takeover offers, PeopleSoft Inc.&#39;s board of directors is willing to talk about a deal at the right price, a member of PeopleSoft&#39;s board said Tuesday.
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A federal judge rejects the US government's bid to block software giant Oracle's hostile takeover of rival PeopleSoft.