New Oracle director gets stock options
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Business software maker Oracle Corp. has awarded 60,000 stock options to its newest director to supplement a $52,500 annual retainer, according to documents filed Tuesday.
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Four senior executives at Pegasystems Inc. got some very good news one Friday in April 2003. Directors of the Cambridge software company had awarded them a total of 240,000 stock options with an exercise price set to reflect prevailing market prices.
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BEA Systems&#39; largest shareholder is demanding that its board of directors allow shareholders to vote on a&#160;$17-per-share purchase offer from Oracle, which is set to expire at 5 p.m. Pacific Time Sunday.Carl Icahn, who holds more than 58 million shares of BEA stock, said in a statement that he has begun lawsuit proceedings in Delaware to force an annual shareholder meeting &quot;before any scorched earth transactions (such as stock issuances, asset sales, acquisitions or similar occurrences) take place at BEA, other than transactions that are approved by shareholders.&quot;The investor accused BEA&#39;s board of intending &quot;to find ways to derail a sale and maintain your control of the company.&quot;&#160;BEA&#39;s board has repeatedly rejected Oracle&#39;s bid&#160;to buy the company,&#160;demanding $21 per share. Oracle&#39;s offer amounts to $6.7 billion, while BEA&#39;s demand works out to $8.3 billion. Oracle has called that price &quot;impossibly high.&quot;Icahn said BEA can avoid litigation if it conducts an auction sale, allowing shareholders to consider offers from the highest bidder.&quot;BEA should not allow the stalking horse bid from Oracle to disappear (failure to take the Oracle bid as a stalking horse would be a grave dereliction of your fiduciary duty in my view),&quot; he wrote. &quot;But if no topping bid arises it should be up to the BEA shareholders to decide whether to take the Oracle bid or remain as an independent Company.&quot;Icahn also demanded that &quot;BEA should agree not to take any action that would dilute voting by issuing stock, entrench management or derail a potential sale of BEA.&quot;Shares of BEA stock closed at $16.50 and were trading at $16.75 after hours on Friday.A BEA spokesman could not immediately be reached for comment.
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Oracle has opened a new front in its 17-month battle to take over rival software company PeopleSoft, announcing a slate of nominees to challenge the existing board of directors at its annual meeting next year.
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Oracle Corp. (ORCL.O: Quote, Profile, Research) Chief Executive Larry Ellison said on Friday his company has talked about revising its current $21-per-share offer to buy rival PeopleSoft Inc.
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An investment approach straight from the Oracle's mouth.
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The firm teaches us a new way to fudge stock options.
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Philip Crawford is appointed as Chairman, bringing experience from several previous executive level positions including VP at Oracle.
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REDWOOD SHORES, Calif. -- Software giant Oracle Corp. said Wednesday that stockholders of rival PeopleSoft Inc. have tendered about 75 percent of the company&#39;s outstanding shares, granting Oracle control of the company.
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It has agreed that the company should be sold to Oracle for $26.50 a share, roughly $10.3 billion, $1.5 billion more than Oracle&#39;s now-famous &quot;best and final&quot; offer.
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NEW YORK, October 8  - Oracle Corporation (ORCL.NAS) is considering altering its takeover bid for the rival business software company, PeopleSoft, with discussions leaning towards a potential decline in the current offer of $7.
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Options traders have been building bullish positions in PeopleSoft Inc.  (PSFT.O) as investors bet a federal judge will approve Oracle Corp.'s hostile takeover bid of the business software maker, traders said on Monday.
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SAN JOSE, Calif. _ Google on Tuesday announced the creation of the first-ever marketplace for employee stock options. Starting next spring, Googlers who have vested options will be able to sell them through an online site to institutional investors.
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Last night, database maker Oracle (Nasdaq: ORCL) once again extended its $7.7 billion offer for business software provider PeopleSoft (Nasdaq: PSFT).
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Oracle has dangled its &quot;best and final&quot; offer of $24 per share in front of PeopleSoft shareholders. Oracle&#39;s latest bid for the software maker is a $3 hike over a previous offer and values PeopleSoft at just less than $9bn.
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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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Investor's Business Daily - Oracle   Chief Executive Larry Ellison might well raise his offer of &#36;21 per share to buy business software rival PeopleSoft  , they say.