Oracle Chief Testifies in Trial on Hostile Bid for PeopleSoft
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Lawrence Ellison, the chief executive of the Oracle Corporation, said that he had had more discussions about lowering rather than raising his hostile bid for PeopleSoft.
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Oracle and SAP faced off in a U.S. District Court hearing Tuesday, over Oracle's allegations its arch-rival pilfered some of its software and support materials.
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PeopleSoft may be willing to be bought by Oracle after all--if the price is right. Steven Goldby, a PeopleSoft board member, testified Tuesday in the trial taking place in Delaware that a sale would be possible
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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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Oracle charged that PeopleSoft&#39;s ousted chief executive, Craig A. Conway, lied to analysts in telling them that the Oracle takeover bid was no longer a factor in PeopleSoft&#39;s ability to write new business.
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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 Corp. Chief Executive Larry Ellison said he has considered lowering his company&#39;s $7.7 billion hostile offer for PeopleSoft Inc.
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wilmington, del.âOracle Corp. director Joseph Grundfest testified yesterday that the company&#39;s $21 (US) per-share hostile bid for PeopleSoft Inc.
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October 06, 2004 - The opening of a trial related to Oracle&#39;s takeover bid of PeopleSoft featured the revelation that CEO Craig Conway was fired last week for making misleading statements about PeopleSoft&#39;s sales.
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The former chief executive of PeopleSoft admitted today that he responded to a hostile takeover bid from Oracle with a campaign of "vilification."
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WILMINGTON, Del.--PeopleSoft might have considered Oracle&#39;s takeover proposal more seriously if some of the terms were different, PeopleSoft&#39;s chairman said in a videotaped deposition played in a Delaware court on Tuesday.
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Oracle Corp. chief executive Larry Ellison testified yesterday that the business software maker is leaning toward lowering its $7.7 billion bid for rival PeopleSoft Inc. , a shift that might create another snag in the takeover tug-of-war.
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WILMINGTON, Del.  - The trial pitting software  giant Oracle Corp. ORCL.O against unwilling takeover target  PeopleSoft Inc. PSFT.O ended on Friday with a Delaware  judge's comment that recent developments seemed to have drawn  the bitter rivals closer together.
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WILMINGTON: The former chief executive of PeopleSoft, who was fired last week, said he lied to Wall Street analysts last year about the impact of Oracle&#39;s hostile bid on the company&#39;s business.
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SAN FRANCISCO/NEW YORK  - Oracle Corp.'s ORCL.O  hostile bid for rival PeopleSoft Corp.PSFT.O was strengthened  on Friday as U.S. antitrust regulators dropped their case  against the merger and PeopleSoft fired its chief executive,  Craig Conway, who had led the fight against Oracle.
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A PeopleSoft Inc. (PSFT.O: Quote, Profile, Research) board member told a Delaware court on Tuesday that the software maker would consider a bid from its rival Oracle Corp.
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Following its latest rejection, the next stage in Oracle&#39;s battle to buy PeopleSoft is set to begin in a courtroom on Wednesday.