Peoplesoft rejects new Oracle bid
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Peoplesoft rejects a takeover bid from rival Oracle for the sixth time in the last 18 months calling the offer "inadequate".
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The standoff between Oracle and PeopleSoft is once again at an impasse, as PeopleSoft's board refuses to sell the company at the price Oracle has offered, and Oracle refuses to raise its bid.
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REDWOOD SHORES, Calif. (Dow Jones/AP) -- Oracle Corp. extended its hostile bid for PeopleSoft Inc. for the 12th time, pushing the tender offer through Oct. 8. In a press release Thursday, Oracle said about
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PeopleSoft's board of directors rejected Oracle's &#36;9.2 billion takeover bid Wednesday, thrusting the business software maker's fate in the hands of its shareholders.
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Sure, the PeopleSoft board told shareholders to just say no. This battle will go down to the wire, and even afterward Ellison could prevail.
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Software company Peoplesoft has formally rejected a takeover bid from rival Oracle for a sixth time. The rejection came after about 61% of shareholders in the California-based business software firm backed Oracle&#39;s $9.2bn (Â£4.9bn) approach.
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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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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 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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PLEASANTON, California - PeopleSoft Inc.&#39;s board yesterday rejected Oracle Corp.&#39;s $9.2 billion takeover bid, continuing its resistance after the company&#39;s own shareholders tendered more than 60 percent of their stock to Oracle.
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(SAN FRANCISCO) - PeopleSoft is asking its shareholders to reject what Oracle calls its &quot;best and final offer&quot; to buy the company.
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NEW YORK, October 8  - Oracle Corporation (ORCL.NAS) is considering altering its takeover bid for the rival business software company, PeopleSoft, with discussions leaning towards a potential decline in the current offer of $7.
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SAN FRANCISCO -- PeopleSoft Inc.'s board of directors rejected Oracle Corp.'s $9.2 billion takeover bid yesterday, thrusting the business software maker's fate into the hands of its shareholders.
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A PeopleSoft director testified on Tuesday that he would be open to considering Oracle's $7.7 billion offer. But, PeopleSoft executives said the company remains opposed.
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special coverage Oracle prevails in pursuit of PeopleSoft buy, as judge rejects Justice Department's antitrust arguments.
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SAN FRANCISCO - Business-software maker PeopleSoft said Saturday its board had again unanimously rejected Oracle&#39;s $9.2 billion tender offer as inadequate, a day after 61 percent of PeopleSoft shares were tendered to Oracle.
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PeopleSoft Inc.  on Tuesday denied an analyst report that its executives recently met with Oracle Corp. , the rival software vendor that last year launched a hostile bid for PeopleSoft.