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Feb
10
How Many Times Do We Have To Tell You...
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.
by Deane
February 10, 2004 7:32 AM
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