Oracle raises bid, sets Nov. 19 deadline
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Oracle Corp. raised the stakes in its hostile bid for PeopleSoft Inc. Monday by increasing its offer to $24 per share, boosting the value of the proposed merger to $9.
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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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SAN FRANCISCO -- Business software maker Oracle Corp. said on Thursday it extended again its $7.7 billion hostile tender offer for PeopleSoft Inc.
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Oracle Corp. raised its hostile bid for rival business software maker PeopleSoft Inc. by 14 percent Monday, aiming to bring a resolution to the long-running takeover battle between the bitter foes.
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NEW YORK, October 8  - Oracle Corporation (ORCL.NAS) has extended its $7.7 billion tender offer for PeopleSoft (PSFT) until the midnight of October 22 this year, leaving the terms of its hostile takeover proposal unchanged at $21 per
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Oracle Corp. on Monday raised its hostile bid for Peoplesoft Inc. to $9.2 billion, a 14 percent increase over its earlier $7.7 billion bid, which it called its &quot;best and final offer&quot; in the 17-month saga.
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Oracle has extended its $21-per-share tender offer to PeopleSoft&#39;s shareholders, which was due to expire this week. The new deadline is September 10th.
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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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BEA Systems reiterated on Friday that it would not accept&#160;Oracle&#39;s $17 per share acquisition bid, and also said it would allow&#160;a deadline Oracle had set for Sunday 5 p.m. PDT&#160;to expire.
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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.
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Business software maker  Oracle  Corp. ORCL.O said on Thursday it extended again its $7.7  billion hostile tender offer for PeopleSoft Inc. PSFT.O, to  Sept. 10, as it awaits a U.S. District Court judge's ruling on  whether the takeover attempt can move forward.
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Oracle said that it had extended its hostile tender offer for PeopleSoft to Sept. 10, as it awaits a ruling on whether the takeover attempt can proceed.
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Ziff Davis - The long wait for a decision in the government's antitrust trial against Oracle has prompted the company to extend the deadline yet again for its &#36;7.7 billion attempted buyout of PeopleSoft.
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Oracle says its latest bid to purchase PeopleSoft is its &quot;best and final offer.&quot; At $24 per share, Oracle&#39;s offer is higher than PeopleSoft&#39;s 24-week high.
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BEA Systems made good Sunday on its promise to let a 5 p.m. Pacific Time&#160;deadline expire on Oracle&#39;s $17-per-share offer to buy the company.The enterprise software maker&#39;s board of directors had already said publicly that Oracle&#39;s bid, which amounts to $6.7 billion, was too low.&#160;BEA instead named a price of $21 per share, which works out to roughly $8.3 billion.Oracle issued a brief statement Sunday that was terse in tone, but nonetheless did not rule out a future bid: &quot;The BEA shareholders should not assume that Oracle will renew its $17 per share offer in the future. Over time many things can change: BEA&#39;s business might materially weaken, the stock market can fall further from its recent record highs, or Oracle may have committed its capital elsewhere.&quot;A BEA spokesman could not immediately be reached for comment.Oracle has coveted BEA&#39;s customer base and share of the middleware market, but company officials called BEA&#39;s demand &quot;impossibly high.&quot;While Oracle&#39;s next move remains to be seen, other companies may look to acquire BEA.Burc Oral, president of the New England BEA User Group, brought up some oft-mentioned names -- HP, S- but said perhaps an unlikely suitor will emerge for the firm. &quot;I have always thought that stackwise, HP is a good candidate. I was also thinking about a sleeping giant, like Computer Associates. They have no overlap.&quot;Of course, there is still the possibility that Oracle will end up buying BEA after all, and perhaps soon.BEA&#39;s largest shareholder, billionaire Carl Icahn, has demanded the board allow shareholders to consider Oracle&#39;s bid.Icahn, who holds more than 58 million shares of BEA stock, said in a statement that he has filed suit 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 also accused BEA&#39;s board of intending &quot;to find ways to derail a sale&quot; and maintain control of the company.Icahn said BEA can avoid litigation if it conducts an auction sale, allowing shareholders to consider offers from the highest bidder.An Oracle purchase would prompt an uncertain future for BEA customers, according to Oral.&quot;I think the support and maintenance will be honored for at least three years [if Oracle buys BEA],&quot; he said. &quot;The issue is, what is the product development that is going to happen?&quot;Change wouldn&#39;t occur immediately under Oracle, but would subsequently do so in dramatic fashion, he predicted. &quot;For a year, BEA is going to sail as it is. Then there is going to be a major consolidation in the product space.&quot;Prakash Malani, a BEA user from the Los Angeles, California area, said sale talks come at a time when BEA&#39;s fortunes are middling.&quot;I believe they have excellent products that compete very well in the market place. However, their products are being commoditized, innovation is slowing down, and their big bet on SOA [service-oriented architecture] has yet to be paid off,&quot; Malani wrote in an e-mail message. &quot;They have missed [the] mark on some technologies like RIA (Rich Internet Application) and their top talent is being poached by companies like Google.&quot;
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SAN FRANCISCO (CBS.MW) -- Oracle late Thursday extended its hostile bid for PeopleSoft for the 13th time, leaving its $7.7 billion offer unchanged at $21 per share.
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Oracle's $7.7 billion takeover offer for PeopleSoft has been extended several times already and was set to expire today.