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...
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