Oracle Preps For PeopleSoft Proxy War

Monday Nov 24th 2003 by DatabaseJournal.com Staff
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Company execs predict they will win over PeopleSoft investors while Oracle continues to educate the DOJ and EU on its hostile takeover plans.

[From internetnews.com]

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 http://www.internetnews.com/bus-news/article.php/3113191

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