Gadgetopia

PeopleSoft Turns Down Latest Bid By Oracle: PeopleSoft stock closed at about $22-and-a-quarter yesterday, so $26 a share is a nice premium. How long can they keep saying no?

PeopleSoft Inc. yesterday rejected Oracle Corp.’s $9.4 billion hostile takeover bid, saying the $26-a-share offer is too low and expressing serious doubts about whether the proposed combination would receive antitrust approval from regulators in Washington.