Oracle increases its offer price for PeopleSoft
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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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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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As Oracle Corp. pushes forward with its hostile bid to acquire rival enterprise software maker PeopleSoft Inc. for $7.7 billion, it is also sizing up further acquisition
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Oracle Corp. (ORCL.O: Quote, Profile, Research) on Monday raised its hostile takeover offer for rival software company PeopleSoft Inc.
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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.
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Oracle has signed an agreement to acquire PeopleSoft for about $10.3 billion, the companies said this morning.
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Oracle said clearance for the bid from the European Union, granted last week, prompted the move. Oracle hopes the higher price will persuade PeopleSoft to drop its remaining obstacles to the deal.
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ORACLE chief executive Larry Ellison has increased his companyâs offer for rival software company PeopleSoft, and set a deadline for the first time since the hostile takeover bid began in June 2003.
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Oracle announced Monday that it has increased its PeopleSoft takeover bid to US$24 a share, calling the figure its &quot;best and final&quot; offer for its rival.
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Oracle raised its hostile tender offer for PeopleSoft today to $24 a share from $21 a share. The higher bid, which values Peoplesoft at $9.
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Oracle has signed a definitive agreement to acquire PeopleSoftÂ for $26.50 per share, or approximately $10.3 billion, the companies said Monday, ending an acrimonious takeover battle that has lasted for more than 18 months.
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Oracle has extended the deadline for PeopleSoft investors to tender their shares in its hostile bid to acquire its business software rival--the 11th extension of the offer since Oracle launched the bid more than 15 months ago.
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NEW YORK/PHILADELPHIA: Oracle Corp yesterday raised its hostile takeover offer for rival software company PeopleSoft Inc by 14 per cent to $US8.
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- SAN FRANCISCO  - Oracle Corp. Friday said a majority of PeopleSoft Inc. shares have been tendered for its $24-a-share offer, strengthening Oracle&#39;s
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Business software maker Oracle Corp. (ORCL.O: Quote, Profile, Research) said on Thursday it is extending again its hostile tender offer for all of the common stock of PeopleSoft Inc.
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While it waits for a federal court to rule on its hostile bid for PeopleSoft, Oracle (Quote, Chart) is keeping the deal in play. The database giant extended its previously announced tender offer of $21 for
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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.