PeopleSoft rejects Oracle&#39;s final offer
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That sentiment came after PeopleSoft&#39;s board rejected Oracle&#39;s latest offer for the company, which amounted to USD24 per share.
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PeopleSoft Inc. (PSFT.O: Quote, Profile, Research) on Wednesday said its board had again unanimously rejected Oracle Corp.&#39;s (ORCL.
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Oracle today unveiled its &quot;best and final offer&quot; for PeopleSoft, promising to withdraw entirely from the long-running takeover battle if its $24 per share proposal is not accepted by 19 November 2004.
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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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SAN FRANCISCO (CBS.MW) - PeopleSoft shares fell in premarket trade Thursday after the company rejected Oracle&#39;s latest takeover offer of $24 a share, worth at least $8.
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Soon after an Oracle director said Oracle&#39;s current US$21 per share offer for control of PeopleSoft may not be its final bid, Oracle Chief Executive Officer (CEO) Larry Ellison countered that the company is as likely to lower its bid as to raise it.
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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 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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While it has so far rejected each of Oracle Corp.&#39;s takeover offers, PeopleSoft Inc.&#39;s board of directors is willing to talk about a deal at the right price, a member of PeopleSoft&#39;s board said Tuesday.
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The board of PeopleSoft Inc. yesterday rejected Oracle Corp.&#39;s $24-a-share hostile takeover bid as too cheap, but said it was open to a deal at a higher price.
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PeopleSoft Inc. said its board remains convinced Oracle Inc.&#39;s $24-a-share takeover bid is ``inadequate&#39;&#39; and said it will not sell the company for less than it&#39;s worth.
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The directors of software firm Peoplesoft reject a fifth takeover offer from rival Oracle, decribing the $8.8bn bid as inadequate.
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Oracle Corp., the world&#39;s second-largest software firm, made what it called its last and best offer for rival PeopleSoft Inc. on Monday in a takeover battle that has now raged for almost a year and a half.
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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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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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To probably no one&#39;s surprise, the PeopleSoft board again has rejected Oracle&#39;s $9.2 billion bid for the company as insufficient.
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PeopleSoft&#39;s (PSFT) board Wednesday rejected Oracle&#39;s (ORCL) &quot;best and final&quot; hostile takeover bid worth about $8.