PeopleSoft: Board Rejects Oracle Offer
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Business-software maker PeopleSoft Inc.  on Saturday said its board has again unanimously rejected Oracle Corp.'s  &#36;9.2 billion tender offer, even after 61 percent of PeopleSoft shares had been tendered to Oracle.
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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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The directors of software firm Peoplesoft reject a fifth takeover offer from rival Oracle, decribing the $8.8bn bid as inadequate.
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Oracle has made a huge step towards victory in its hostile takeover bid for rival business software company PeopleSoft, as the US federal courts rejected the Department of Justice&#39;s attempt to block the takeover bid.
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Oracle Corp. said it was prepared to walk away from its bid for rival business software maker PeopleSoft, saying it had learned that its &quot;final&quot; offer was on the verge of being rejected.
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Oracle Corp. on Monday said it asked Peoplesoft Inc.'s board of directors to immediately rescind a "poison pill" anti-takeover provision, two days after 61 percent of PeopleSoft shareholders tendered their stock in favor of Oracle's &#36;24-a-share hostile offer.
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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 is worth substantially more than $24 a share, according to its own board of directors. So saying, the board rejected Oracle&#39;s latest offer to purchase the enterprise software company.
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WASHINGTON : Senior executives at business software group PeopleSoft have once again spurned a takeover bid from Oracle Corp, even after the latter announced it had control of more than 60 percent of PeopleSoft&#39;s shares.
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PeopleSoft's board turns down Oracle's "best and final" offer. But the database software giant is still on the prowl.
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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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PeopleSoft Inc. (PSFT.O: Quote, Profile, Research) on Wednesday said its board had again unanimously rejected Oracle Corp.&#39;s (ORCL.
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While it has rejected each of Oracle Corp.'s takeover offers today, PeopleSoft's board of directors is willing to talk about a deal at the right price, a member of the company's board said today.
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That sentiment came after PeopleSoft&#39;s board rejected Oracle&#39;s latest offer for the company, which amounted to USD24 per share.
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Oracle Corp. on Monday said it asked  Peoplesoft Inc.'s board of directors to immediately rescind a  "poison pill" anti-takeover provision, two days after 61  percent of PeopleSoft shareholders tendered their stock in  favor of Oracle's $24-a-share hostile offer.
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PeopleSoft&#39;s (PSFT) board Wednesday rejected Oracle&#39;s (ORCL) &quot;best and final&quot; hostile takeover bid worth about $8.
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PeopleSoft&#39;s board of directors is refusing yet again to entertain Oracle&#39;s all-cash tender offer, according to a news release issued by Oracle on Wednesday afternoon.