Oracle may be pressing on with a nearly three-month-old unfriendly quest to buy PeopleSoft, but to PeopleSoft CEO Craig Conway, Oracle's bid is all but dead.
In a letter to shareholders, PeopleSoft chief executive Craig Conway defended his company's rejection of a hostile US$9.4 billion buyout bid from Oracle and asked shareholders to reject Oracle's attempt to gain control of its board.
PeopleSoft CEO Craig Conway in a speech on Thursday talked up enterprise software and made only a veiled reference to a rival's hostile bid for his company.
Software maker PeopleSoft on Thursday formally rejected Oracle's $5.1 billion hostile takeover bid, saying the deal raises significant antitrust issues and "dramatically undervalues" the company.
Oracle, which announced a surprise bid to acquire PeopleSoft last Friday, has asked to meet with the business software maker to explain its intentions.
The board is only telling half the story behind the surprise firing of PeopleSoft's CEO.
Is PeopleSoft's founder and long-time chief executive back at the helm to accept Oracle's takeover bid, or to dig in for a long-term battle?
Increasing competitive pressure from SAP and the entry of Microsoft into the business applications market spurred Oracle to launch its hostile bid for PeopleSoft last year, Oracle CEO Larry Ellison testified on Wednesday.
Could Larry Ellison's court performance have clinched Oracle's bid to buy PeopleSoft?
Oracle's hostile takeover of PeopleSoft sets the stage for a slugfest in the enterprise apps space but where does this leave Mr Customer?
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