PeopleSoft Rejects Oracle Bid
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PHILADELPHIA/SAN FRANCISCO  - PeopleSoft Inc.'s  PSFT.O board  on Wednesday again unanimously rejected Oracle  Corp.'s ORCL.O $8.8-billion hostile tender offer, leaving  Oracle to appeal directly to PeopleSoft shareholders to decide  on the bid for themselves.
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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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PeopleSoft reiterated on Tuesday its opposition to a $7.7 billion takeover offer from Oracle after the European Union approved the bid, removing the last regulatory hurdle to a deal.
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PeopleSoft&#39;s board unanimously rejected Oracle&#39;s $24-a-share offer as inadequate shortly after close of business in New York this evening.
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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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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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Oracle rejected as âimpossibly highâ BEAâs offer to be acquired for about $8.2 billion, just two weeks after BEA refused Oracleâs $6.7 billion offer for the company.
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PeopleSoft Inc.'s board of directors said it rejected Oracle Corp.'s &#36;9.2 billion takeover bid Saturday, continuing its staunch resistance a day after the company's own shareholders tendered more than 60 percent of stock to Oracle.
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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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Software maker Oracle Corp.  ORCL.O on Wednesday said it will let PeopleSoft Inc. PSFT.O  shareholders decide for themselves whether to accept Oracle's  $8.8 billion hostile takeover bid after learning that  PeopleSoft's board of directors will reject it.
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Oracle Corp. raised its takeover offer for PeopleSoft Inc. by 14 percent to $8.8 billion, increasing the pressure on the smaller software company to give up its 17-month fight against the bid.
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LOS ANGELES (CBS.MW) -- A Delaware judge rejected the proposed settlement of a lawsuit brought against PeopleSoft Inc. by shareholders over the company&#39;s resistance to Oracle Corp.
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SAN FRANCISCO - While it has so far rejected each of Oracle Corp.'s takeover offers, PeopleSoft Inc.'s board of directors is willing to talk about a deal at the right price, a member of PeopleSoft's board said Tuesday.
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PeopleSoft Inc.&#39;s board of directors urged company shareholders on Wednesday to reject Oracle Corp.&#39;s bid of $24 per share for the Pleasanton firm, casting more uncertainty on the 17-month takeover battle.
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The PeopleSoft board has rejected Larry Ellison &quot;best and final&quot; $8.8 billion hostile takeover offer, leaving the Oracle chief executive with no choice but to appeal directly to PeopleSoft shareholders.
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NEW YORK, November 11  - PeopleSoft Inc (PSFT.NAS) has again rejected Oracle Corporation&#39;s (ORCL) &quot;best and final&quot; takeover bid, while urging its shareholders to reject Oracle&#39;s $24 per share tender offer as well.
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Oracle said today that it has learned that PeopleSoft will reject its $8.8bn, $24 a share, &quot;best and final&quot; cash tender offer.