Latest Oracle Gambit Draws Criticism

November 2, 2004

[From internetnews.com]

Oracle's latest (and apparently its last) offer of $24 per share has triggered a maelstrom of opinions -- most pointing toward a complete takeover of rival PeopleSoft.

Analysts are quick to point out the revised offer worth an estimated $9.2 billion intensifies strain on any negotiations between Oracle (Quote, Chart) CEO Larry Ellison and PeopleSoft (Quote, Chart) CEO Dave Duffield. The two sides have until Nov. 19 to convince PeopleSoft shareholders or risk leaving the Pleasanton, Calif.-based software maker in a deflated state.

The epic merger saga currently awaits the decision of a Delaware Chancery Court to remove any lingering restrictions after U.S. and European antitrust regulators have cleared the plan.

The article continues at http://internetnews.com/bus-news/article.php/3429751








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