Oracle Extends PeopleSoft Offer
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Oracle Corp. continued to put the pressure on PeopleSoft Inc. Thursday by extending its takeover offer for the 11th time since launching the $7.
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ORACLE has extended its hostile bid for PeopleSoft for the 12th time, pushing the tender offer through to October 8. Oracle said in a press release that about 23.
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Oracle&#39;s hostile bid to acquire rival enterprise software maker PeopleSoft for $7.7bn (Â£4.3bn) is set to continue for a bit longer.
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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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NOVEMBER 19, 2004 (IDG NEWS SERVICE) - The midnight expiration of Oracle Corp.&#39;s tender offer to PeopleSoft Inc.&#39;s shareholders for control of the company will either end the software rivals&#39; bitter, 17-month battle tonight -- or increase its ferocity.
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REDWOOD SHORES, Calif., Oracle is increasing the stakes in its hostile takeover bid for PeopleSoft. Oracle has increased its cash offer for PeopleSoft shares from 21 dollars a share to 24 dollars a share.
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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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The midnight expiration of Oracle's tender offer for PeopleSoft shares will either end the software rivals' bitter, 17-month battle tonight -- or increase its ferocity.
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Ending 18 months of bad blood, Oracle raised its takeover bid for bitter rival PeopleSoft by 10 percent to seal a $10.3 billion deal that will create the world&#39;s second largest maker of business applications software.
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Oracle Corp. has extended its $7.7 billion hostile takeover bid for Pleasanton&#39;s PeopleSoft Inc. until Sept. 10. Redwood City-based Oracle&#39;s previous offer would have expired at 9 pm Friday.
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The Oracle-PeopleSoft takeover battle may have finally entered its endgame, with Oracle Corp upping its bid and for the first time imposing a deadline for PeopleSoft Inc shareholders to accept it.
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Software manufacturer Oracle Corp. said Monday that it raised its hostile bid for rival PeopleSoft Inc. to $24 per share from $21, and said the new price represents the company&#39;s &quot;best and final offer.
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Oracle Corp. CEO Larry Ellison raised his company&#39;s offer for rival PeopleSoft Inc. to $24 a share, or $9.2 billion, calling the fifth bid over a 17-month takeover battle the &quot;best and final&quot; offer.
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Oracle yesterday extended its controversial bid for enterprise resource software provider PeopleSoft, while both companies await the final judge&#39;s ruling in the Department of Justice (DoJ) anti-competition case.
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After much speculation that it would raise its bid yet again, Oracle Corp. Monday morning announced its latest offer for PeopleSoft Inc.
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Oracle has put up its &quot;best and final&quot; offer for PeopleSoft at US$24 per share. The new price is up $3 from Oracle&#39;s last offer, and is in excess of PeopleSoft&#39;s 52-week closing price high.
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Oracle, which is in the midst of a hostile takeover attempt of rival PeopleSoft, on Monday raised its offer for the smaller software company by $3 per share to $24 per share.