Oracle Pushes the Issue

By Deane Barker on June 18, 2003

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 the takeover attempt.

Oracle also said it would file suit Wednesday in Delaware against PeopleSoft, its board of directors, and J.D. Edwards ‘in response to their collective efforts to eliminate PeopleSoft shareholders’ ability to accept Oracle’s tender offer.’