PeopleSoft shareholders differ on Oracle&#39;s bid
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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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LOS ANGELES (CBS.MW) -- As the deadline for what Oracle Corp. has called its &quot;best and final&quot; offer for PeopleSoft Inc. looms, two of the unwilling takeover target&#39;s top shareholders were split Tuesday on whether to back the $9.2 billion bid.
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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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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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To hear Oracle (Nasdaq: ORCL) tell it, PeopleSoft (Nasdaq: PSFT) users, as well as its stockholders, are becoming more comfortable with -- or at least resigned to -- the idea of Oracle's proposed acquisition of the enterprise software company.
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A great deal of speculation has surrounded Oracle's (Nasdaq: ORCL) 18-month attempt to acquire PeopleSoft (Nasdaq: PSFT).
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Oracle has won backing from slightly more than 60% of PeopleSoft Inc. shareholders in its $9.2 billion hostile takeover. Friday evening, the software maker announced that 228.7 million out of the roughly 376
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Competitors say they are winning contracts over PeopleSoft because of concern about company's future.
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update In the latest twist in the hostilities between Oracle and PeopleSoft, Wall Street&#39;s footsoldiers are massing for battle.
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PeopleSoft said it could accept a takeover bid from Oracle and now needs time to weigh on it. Oracle has been haunting PeopleSoft for 15 months with the possible bid of $7.
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At its user conference on Wednesday, Oracle (Profile, Products, Articles) continued sending mixed messages to PeopleSoft (Profile, Products, Articles) customers concerned
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A battle between rival shareholder groups is brewing in advance of Friday&#39;s final deadline for tendering shares to Oracle in support of its $9bn hostile takeover bid for rival PeopleSoft.
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PHILADELPHIA/SAN FRANCISCO  - Two major PeopleSoft  Inc.PSFT.O shareholders on Tuesday indicated they would split  their votes on whether to accept Oracle Corp's ORCL.O $8.8  billion hostile takeover bid.
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Investor's Business Daily - The oracle of Oracle   seems to have pulled another rabbit out of his hat in his quest to buy rival PeopleSoft  . A majority of PeopleSoft shareholders appeared poised Friday to accept Oracle's offer of &#36;24 per share, though two analysts said it would be close. (Oracle planned to reveal results of its tender offer at about midnight, after press time.)
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Today's announcement of Oracle's $10.3 billion buyout of PeopleSoft Inc. isn't drawing rave reviews from the installed based of customers about to be acquired in the deal.
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PeopleSoft Inc.&#39;s board of directors unanimously rejected Oracle Corp.&#39;s takeover offer Saturday, Nov. 20, only hours after PeopleSoft stockholders tendered a majority of their shares in favor of the deal.
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Oracle Corp.&#39;s $24-a-share hostile takeover bid for PeopleSoft Inc. heated up anew yesterday as tonight&#39;s deadline for stockholders to offer their shares for sale approached.