PeopleSoft Rejects New Bid

By Deane Barker on June 20, 2003

PeopleSoft’s Board Rejects Oracle’s Second Bid: Last time they had two issues: price and anti-trust concerns. With Larry’s new bid, they just have one:

“PeopleSoft Inc. on Friday urged stockholders to reject Oracle Corp.’s unsolicited $6.3 billion takeover offer, citing the possibility of regulatory objections to the deal between the business software makers”