Oracle Lowers PeopleSoft Bid
Oracle lowers PeopleSoft bid to $7.7 billion: After raising the bid twice, (the last time just two months ago — and that coming 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.
Business software maker Oracle reduced its hostile takeover bid for rival PeopleSoft to $7.7 billion Friday, shaving nearly 20%, or $1.7 billion, from its previous offer to reflect its prey’s wilting market value.
What This Links To
Oracle Ups the Ante
Software maker Oracle raises bid for PeopleSoft: We haven't talked about this one in quite a while, but it's still on the table. Business software maker Oracle Corp. raised its hostile takeover bid for rival PeopleSoft Inc. by 33 percent to $26 per share today. This is the second rasing of the…
Now They're Not Going To Do It...
Oracle says it won't raise bid: More twists and turns than a soap opera. "An Oracle executive said Wednesday that it's unlikely the company would raise its $7.25 billion unsolicited bid for rival PeopleSoft before regulators weigh in on the deal, if ever."
Oracle Pushes the Issue
Oracle ups PeopleSoft offer: Larry's not messing around. The offer is up from $16 to $19.50. Analysts were saying that they'd need at least $20 per share to make it happen. And, not surprisingly, Oracle has filed a lawsuit against PeopleSoft and J.D. Edwards for resisting…
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