Oracle May Lower Its PeopleSoft Bid
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Oracle Corp. chief executive Lawrence Ellison said discussions within the company at this point are leaning toward lowering the &#36;21-a-share bid Oracle is offering for rival PeopleSoft Inc.
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PeopleSoft Inc.'s board is prepared to drop its ferocious resistance to Oracle Corp.'s hostile takeover bid and negotiate a price above the current $7.7 billion offer if there's ''high certainty&quot; a deal can be done quickly, a company director said in court yesterday.
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PeopleSoft Inc.&#39;s profit may drop ``significantly&#39;&#39; this year, and the company may have trouble surviving on its own, Oracle Corp.
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Oracle Corp.  Chief Executive Larry Ellison said on Friday his company has talked about revising its current &#36;21-per-share offer to buy rival PeopleSoft Inc. , although it has focused more on lowering the bid instead of raising it.
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Oracle Corp. Chief Executive Larry Ellison&#39;s $8.8 billion hostile bid to buy PeopleSoft Inc. may benefit from arbitragers who have loaded up on the stock and are likely to tender their shares.
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Oracle Corp. Chief Executive Larry Ellison said he has considered lowering his company&#39;s $7.7 billion hostile offer for PeopleSoft Inc.
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LOS ANGELES (CBS.MW) - Oracle&#39;s chief executive Larry Ellison on Friday said the company may be inclined to lower its $7.7 billion hostile offer for PeopleSoft, according to published reports.
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Oracle Corp.  Chief Executive Larry Ellison said on Friday that Oracle has talked about revising its &#36;21-per-share offer to buy rival PeopleSoft Inc. , but he dented Wall Street expectations by saying Oracle has focused more on lowering the bid than raising it.
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Oracle Corp. Chief Executive Officer Larry Ellison said Friday his company is considering lowering its $21-per-share offer for PeopleSoft Inc.
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Oracle dislikes what PeopleSoft is doing, but it's still buying.
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PeopleSoft Inc. said its board remains convinced Oracle Inc.&#39;s $24-a-share takeover bid is ``inadequate&#39;&#39; and said it will not sell the company for less than it&#39;s worth.
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Lawrence J. Ellison, the chief executive of the Oracle Corporation, said on Friday that he had had more discussions about lowering rather than raising his $21-a-share hostile bid for PeopleSoft.
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SAN FRANCISCO (CBS.MW) - PeopleSoft shares fell in premarket trade Thursday after the company rejected Oracle&#39;s latest takeover offer of $24 a share, worth at least $8.
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The board of PeopleSoft Inc. Wednesday rejected Oracle Corp.'s $24-a-share hostile takeover bid as too cheap, but said it was open to a deal at a higher price. -The Washington Post
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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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Oracle Corp. on Monday said it asked Peoplesoft Inc.&#39;s board of directors to rescind an anti-takeover provision, two days after a majority of PeopleSoft shareholders tendered their
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Oracle&#39;s efforts to acquire the application vendor may be moving into its final phase as it calls its $24-per-share bid its &quot;final offer.