PeopleSoft rejects oracle takeover bid

PeopleSoft has formally rejected the $5.1bn (€4.3bn) hostile takeover bid from Oracle.

PeopleSoft rejects oracle takeover bid
Fri, 13 Jun, 2003 - 11:01

PeopleSoft has formally rejected the $5.1bn (€4.3bn) hostile takeover bid from Oracle.

However, Oracle CEO Larry Ellison has said that he will continue with efforts to take over the company.

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