PeopleSoft rebuffs Oracle -- again

  • Jun 03, 2004
The board of PeopleSoft Inc. urged shareholders to reject the latest $21-a-share offer made May 14 by Oracle Corp.

"The reduced offer is inadequate and does not reflect PeopleSoft's real value," said the board of the Pleasanton, Calif., enterprise software company in a statement. The board added that "there is a significant likelihood that the transaction will be prohibited under antitrust law."

Oracle first proposed a $26 a share takeover last June.

 

Reader Comments

Please post your comments here. Comments are moderated, so they may not appear immediately after submitting. We will not post comments that we consider abusive or off-topic.

Please type the letters/numbers you see above

What is your e-mail address?
My e-mail address is:

Do you have a password?
Forgot your password? Click here
close

Washington Technology Daily

Sign up for our newsletter.

Terms and Privacy Policy consent

I agree to this site's Privacy Policy.

Trending

contracts DB