PeopleSoft Directors Reject Oracle&#39;s Offer
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The board of PeopleSoft Inc. yesterday rejected Oracle Corp.&#39;s $24-a-share hostile takeover bid as too cheap, but said it was open to a deal at a higher price.
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PeopleSoft Inc.'s  board  on Wednesday again unanimously rejected Oracle Corp.'s  &#36;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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That sentiment came after PeopleSoft&#39;s board rejected Oracle&#39;s latest offer for the company, which amounted to USD24 per share.
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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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PeopleSoft Inc. (PSFT.O: Quote, Profile, Research) on Wednesday said its board had again unanimously rejected Oracle Corp.&#39;s (ORCL.
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SAN FRANCISCO (CBS.MW) -- A PeopleSoft spokesman denied Tuesday that his company&#39;s new management team met with Oracle executives to discuss the $7.
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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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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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Oracle Corp. on Monday said it  asked Peoplesoft Inc.'s board of directors to rescind an  anti-takeover provision, two days after a majority of  PeopleSoft shareholders tendered their stock in favor of  Oracle's $9.2 billion hostile offer.
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PLEASANTON, Calif. PeopleSoft&#39;s board of directors said it srejected Oracle Corp.&#39;s nine-point-two (b) billion dollar takeover bid Saturday.
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PeopleSoft&#39;s board of directors is refusing yet again to entertain Oracle&#39;s all-cash tender offer, according to a news release issued by Oracle on Wednesday afternoon.
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PeopleSoft's board of directors rejected Oracle's &#36;9.2 billion takeover bid Wednesday, thrusting the business software maker's fate in the hands of its shareholders.
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Oracle Corp. on Monday said it asked  Peoplesoft Inc.'s board of directors to immediately rescind a  "poison pill" anti-takeover provision, two days after 61  percent of PeopleSoft shareholders tendered their stock in  favor of Oracle's $24-a-share hostile offer.
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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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Defining the word unsurprising, PeopleSoft&#39;s board of directors unanimously rejected Oracle&#39;s &quot;best and final&quot; $24 per share offer for the company.
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PeopleSoft shareholders have rejected Oracle&#39;s &quot;final&quot; offer for the company, but could Oracle make a comeback? The board is hoping it can hold off its rival for just a few more innings.
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Software maker Oracle Corp.  ORCL.O on Wednesday said it will let PeopleSoft Inc. PSFT.O  shareholders decide for themselves whether to accept Oracle's  $8.8 billion hostile takeover bid after learning that  PeopleSoft's board of directors will reject it.