PeopleSoft Board Rejects Oracle Bid
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Business software maker  PeopleSoft Inc. on Saturday said its board again rejected  Oracle Corp.'s $9.2 billion tender offer, remaining defiant a  day after most of its shares were tendered to Oracle.
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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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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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Business software maker  PeopleSoft Inc. PSFT.O said on Saturday that its board again  rejected Oracle Corp.'s ORCL.O $9.2 billion tender offer,  remaining defiant a day after most of its shares were tendered  to Oracle.
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A PeopleSoft director testified on Tuesday that he would be open to considering Oracle's $7.7 billion offer. But, PeopleSoft executives said the company remains opposed.
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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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The board of software vendor PeopleSoft has advised shareholders to reject Oracle&#39;s takeover bid for a fifth time, pushing the long-running saga closer towards a proxy battle next Spring.
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The board of PeopleSoft Inc. yesterday rejected Oracle Corp.'s &#36;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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Oracle Corp. recently learned that PeopleSoft will reject Oracle&#39;s $24.00 a share- its best and final offer. The cash tender offer to purchase all of the outstanding shares of PeopleSoft, Inc.
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Software maker Oracle Corp.  on Wednesday said it will let PeopleSoft Inc.  shareholders decide for themselves whether to accept Oracle's &#36;8.8 billion hostile takeover bid after learning that PeopleSoft's board of directors will reject it.
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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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WALNUT CREEK, Calif. - PeopleSoft Inc. rebuffed Oracle Corp.&#39;s latest hostile takeover bid, vowing to fight the $9.2 billion offer even if a majority of shareholders supported it.
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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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NOVEMBER 29, 2004  - Embattled ERP software vendor PeopleSoft Inc. last week refused to capitulate in its long-running battle with potential purchaser Oracle Corp.
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Oracle has rejected BEA Systems' proposed purchase price of $21 per share.
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(SAN FRANCISCO) - PeopleSoft is asking its shareholders to reject what Oracle calls its &quot;best and final offer&quot; to buy the company.
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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.