PeopleSoft to reject Oracle offer

Oracle is due to file a formal $5.1bn (€4.3bn) offer for PeopleSoft today. However, it appears that the offer will be rejected.

PeopleSoft to reject Oracle offer
Mon, 09 Jun, 2003 - 12:22

Oracle is due to file a formal $5.1bn (€4.3bn) offer for PeopleSoft today. However, it appears that the offer will be rejected.

Oracle launched the bid on Friday, following the news earlier in the week that PeopleSoft was to acquire J.D.Edwards. If completed the deal would have put PeopleSoft ahead of Oracle in the area of business software.

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