dcsimg

Oracle's 'Final' PeopleSoft Offer Rejected

November 10, 2004

[From internetnews.com]

The battle for PeopleSoft now goes to the stockholders.

PeopleSoft's (Quote, Chart) board of directors voted unanimously to recommend that its stockholders reject Oracle's final, $24 per share takeover offer because it does not reflect PeopleSoft's "real value."

The decision leaves the hostile takeover battle for PeopleSoft in the hands of stockholders as Oracle looks for a majority to accept the offer, which values the company at about $8.8 billion.

The article continues at http://www.internetnews.com/ent-news/article.php/3434141








The Network for Technology Professionals

Search:

About Internet.com

Legal Notices, Licensing, Permissions, Privacy Policy.
Advertise | Newsletters | E-mail Offers