WSJ.com - PeopleSoft Says Oracle Can Pay Above $31/Shr For Co: "PeopleSoft Inc. (PSFT) made the case in a regulatory filing on Tuesday that Oracle Corp. (ORCL) could pay more than $31 a share to acquire PeopleSoft.
Oracle has offered $24 a share for PeopleSoft in a hostile takeover bid. In Tuesday's filing with the Securities and Exchange Commission, PeopleSoft offered an investor presentation that argued the company is worth substantially more."
The posturing continues...
Wednesday, December 08, 2004
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