PeopleSoft Soap Opera Still Alive

November 22, 2004


UPDATED: Merger talks are still alive though strained in the hostile takeover soap opera between Oracle (Quote, Chart) and PeopleSoft (Quote, Chart).

Oracle CEO Larry Ellison said his "best and final all cash offer" of $24 per share (an estimated $9.2 billion) has now been endorsed by a majority (61 percent ) of PeopleSoft shareholders after a vote taken late Friday.

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