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Oracle Raises Its Bid for PeopleSoft Again







Oracle Raises Its Bid for PeopleSoft
Again

Oracle Raises Its Bid for PeopleSoft
Again
02/10/2004 02:55 AM

The surprise increase in the offer price signals a new stage in the hostile takeover fight for PeopleSoft.




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Oracle Raises Its Bid for PeopleSoft Again

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I thought the soap opera was over and I’d have to go cold turkey - but I guess I’m being let down easy…Free registration required to read the story. Business software maker Oracle Corp. (ORCL.O) on Wednesday said it has taken control of rival PeopleSoft Inc. (PSFT.O) now that about 75 percent of its rival’s shareholders have tendered their shares. PeopleSoft’s board earlier this month reluctantly agreed to a sweetened $10.3 billion buyout by Oracle,…

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Oracle lowers PeopleSoft bid to $7.7 billion: After raising the bid twice, (the last time just two months ago — and that just four months after saying they weren't going any higher), they're now lowering it. I can't even speculate on the implications of this.

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