Shocker: PeopleSoft Nixes Oracle's Latest Offer

February 9, 2004

[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