Friday, November 19, 2004

WSJ.com - PeopleSoft Letter To Staff: Oracle May Get 50% Of Tender

WSJ.com - PeopleSoft Letter To Staff: Oracle May Get 50% Of Tender: "The letter went on to say that even with a majority of shares, Oracle still may not be able to buy the company in the $24-a-share, $9.2 billion deal it is asking investors to back. Oracle cannot purchase the tendered shares unless PeopleSoft's board removes the company's poison pill, the letter stated."
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