PeopleSoft set to reject Oracle takeover

The board of software maker, PeopleSoft is preparing to reject Oracle's latest hostile takeover bid due to fears of violating antitrust laws, according to reports.

PeopleSoft set to reject Oracle takeover
Fri, 20 Jun, 2003 - 12:02

The board of software maker, PeopleSoft is preparing to reject Oracle's latest hostile takeover bid due to fears of violating antitrust laws, according to reports.

On Wednesday, Oracle said that it would increase the amount of cash in its tender by 22%. Its previous offer was also rejected by PeopleSoft.

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CourtsHeathrowPerson: CEOPerson: Larry EllisonOrganisation: PeopleSoftOrganisation: Oracle
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