Oracle Preps For PeopleSoft Proxy War

Monday Nov 24th 2003 by Staff

Company execs predict they will win over PeopleSoft investors while Oracle continues to educate the DOJ and EU on its hostile takeover plans.


Despite pending government investigations, Oracle (Quote, Chart) Monday said it remains very firm in its proposal to purchase PeopleSoft (Quote, Chart) for $19.50 per share or about $7.5 billion.

During a conference call designed to combat what it called "conflicting information" about the merger, the Redwood Shores, Calif.-based software giant said it is looking beyond possible government interdiction and preparing a slate of new directors that it hopes will help its chances should a proxy war break out.

The article continues at

Mobile Site | Full Site
Copyright 2017 © QuinStreet Inc. All Rights Reserved