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From CRN]
Surprise, surprise. PeopleSoft's board has shot down Oracle's latest, and ostensibly, last offer to buy the company.
In a statement Monday morning, PeopleSoft said its board of directors had "voted unanimously to recommend that PeopleSoft stockholders reject" Oracle's revised and unsolicited $9.4 billion cash offer.
The article continues at
http://www.crn.com/sections/BreakingNews/dailyarchives.asp?ArticleID=47819
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