TITLE

Lessons from Oracle's Battle for PeopleSoft

AUTHOR(S)
Hahn, Avital Louria
PUB. DATE
January 2005
SOURCE
Investment Dealers' Digest;1/17/2005, Vol. 71 Issue 2, p44
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article focuses on Oracle Corp.'s hostile takeover bid for acquiring business software maker PeopleSoft Inc. When Oracle Corp. launched its takeover bid for PeopleSoft Inc. few thought the battle would amount to much more than a nasty exercise in merger and acquisition. The drama began on June 2, 2003, when PeopleSoft announced plans to merge with enterprise software competitor J.D. Edwards & Co. in a $1.7 billion stock deal. On June 18, when PeopleSoft completed the acquisition of J.D. Edwards, Oracle raised its bid for PeopleSoft to $19,50 per share in cash, PeopleSoft still refused to negotiate.
ACCESSION #
15682824

 

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