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Lofty stock lends power to PeopleSoft (The Daily Deal)







Lofty stock lends power to PeopleSoft
(The Daily Deal)

Lofty stock lends power to PeopleSoft
(The Daily Deal)
01/28/2004 07:19 AM

The Daily Deal - Software maker Oracle may have to lift its hostile bid to catch up with the target's buoyant share price.




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Lofty stock lends power to PeopleSoft (The Daily Deal)

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Oracle is still trying to sew up
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Oracle said late Tuesday that it has extended its tender offer for PeopleSoft's outstanding shares by two days, after narrowly missing the volume of shares it requires to bring the merger to a speedy close.

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Justice lawyers against Oracle's bid for PeopleSoft: This throws a wrench in the gears.

Justice Department lawyers are recommending that Oracle's (ORCL) hostile takeover bid for business software rival PeopleSoft (PSFT) be blocked for antitrust reasons, a step that could kill the proposed $9.4 billion deal before shareholders get a chance to vote on it.

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Ellison: PeopleSoft CEO Blew Merger Deal


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Grok Description matches for Lofty stock lends power to PeopleSoft (The Daily Deal)
GrokA matches for Lofty stock lends power to PeopleSoft (The Daily Deal)

Lofty stock lends power to PeopleSoft (The Daily Deal)

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