PeopleSoft Girding For Proxy War

November 12, 2004

[From internetnews.com]

PeopleSoft and its stockholders are gearing up for an old-fashioned proxy fight, analysts said Thursday.

Oracle's hostile takeover bid for PeopleSoft is moving to the stockholders after Oracle's (Quote, Chart) latest (and apparently its last) offer of $24-per-share was shot down by PeopleSoft's (Quote, Chart) board of directors. The board said the price was too low.

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