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Oracle takes appeal to PeopleSoft shareholders







Oracle takes appeal to PeopleSoft
shareholders

Oracle takes appeal to PeopleSoft
shareholders
02/18/2004 05:38 PM

PeopleSoft's board of directors has repeatedly rejected Oracle's overtures since last June, including a sweetened offer earlier this month of $26 per share that raised the all-cash deal's total to $9.4 billion.




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Oracle takes appeal to PeopleSoft shareholders

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Oracle Says It Has Control of PeopleSoft


Oracle Says It Has Control of PeopleSoft 12/30/2004 12:38 AM
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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(This is also my col umn todayin the San Jose Mercury News, and an update on yesterday's brief comment.) Monday morning's newsthat Oracle will buy PeopleSoft for a small premium over Oracle's most recent offer was almost the ultimate in anticlimaxes. It was a given, once the U.S. antitrust lawsuit against the deal failed in early fall, that a buyout would happen unless an unexpected white knight showed up to buy PeopleSoft. This deal should have been done a long time ago. More...
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Oracle takes appeal to PeopleSoft shareholders

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