Oracle raises &#39;final&#39; bid
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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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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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TAKEOVER TUG OF WAR: Oracle Corp. ends 18 months of acrimony, boosting its bid for software maker PeopleSoft Inc. by 10 percent to &#36;10.3 billion.
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Oracle Corp. announced on Wednesday the end of an 18-month fight for the takeover of software maker PeopleSoft as 75% of the competitorâs shareholders have agreed to tender their shares to Oracle.
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Oracle yesterday raised its hostile takeover offer for rival software company PeopleSoft by 14%, to $8.8bn (Â£4.37bn), and for the first time set a deadline for acceptance of the bid.
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Updated: Oracle receives tender offers for more than 60 percent of the outstanding PeopleSoft shares and calls for talks to reach a formal buyout agreement.
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US News, NEW YORK - US stocks were set for a higher open on Monday, helped by news business software maker Oracle Corp. (ORCL.O: Quote, Profile, Research) struck a deal to buy rival PeopleSoft Inc.
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The business software maker hopes to prod rival Oracle into raising its current bid by $1.5 billion.
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Oracle Corp. has again extended its $7.7 billion cash offer for PeopleSoft Inc. by two weeks. Shareholders now have until Oct. 22 to tender their shares, Oracle said Thursday.
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REDWOOD SHORES, Calif. (Dow Jones/AP) -- Oracle Corp. extended its hostile bid for PeopleSoft Inc. for the 12th time, pushing the tender offer through Oct. 8. In a press release Thursday, Oracle said about
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Oracle Corp. extended its hostile bid for PeopleSoft Inc. for the 12th time, pushing the tender offer through Oct. 8.
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ORACLE chief executive Larry Ellison has increased his companyâs offer for rival software company PeopleSoft, and set a deadline for the first time since the hostile takeover bid began in June 2003.
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Investors welcomed the end of Oracle Corp.&#39;s 18-month battle to take over PeopleSoft Inc., pushing stocks higher Monday. A better-than-expected survey of retail sales also helped the markets.
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REDWOOD SHORES, Calif., Oracle is increasing the stakes in its hostile takeover bid for PeopleSoft. Oracle has increased its cash offer for PeopleSoft shares from 21 dollars a share to 24 dollars a share.
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LARRY ELLISON, the chief executive of Oracle, has raised his offer to buy PeopleSoft by more than $1 billion, marking what could be the final salvo in a 17-month bidding war.
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Oracle yesterday extended its controversial bid for enterprise resource software provider PeopleSoft, while both companies await the final judge&#39;s ruling in the Department of Justice (DoJ) anti-competition case.
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Oracle Corp. has again extended its $7.7 billion cash offer for PeopleSoft Inc. Shareholders now have until Oct. 8 to tender their shares, Oracle said Thursday.