PeopleSoft Investors Sharing a Divided House

November 17, 2004

[From internetnews.com]

PeopleSoft shareholders are starting to speak up about Oracle's takeover bid.

The Pleasanton, Calif.-based software maker's two largest investment groups this week announced opposing thoughts on the current and "best and final offer" of $24 per share (an estimated $9.2 billion) to merge the companies.

Capital Guardian Trust told Oracle executives that it was in favor of the deal, while Private Capital filed papers with government regulators supporting PeopleSoft's position.

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