PeopleSoft Investors Sharing a Divided House

Wednesday Nov 17th 2004 by Staff

Tensions run high as major shareholders mull their choices.


PeopleSoft shareholders are starting to speak up about Oracle's takeover bid.

The Pleasanton, Calif.-based software maker's two largest investment groups this week announced opposing thoughts on the current and "best and final offer" of $24 per share (an estimated $9.2 billion) to merge the companies.

Capital Guardian Trust told Oracle executives that it was in favor of the deal, while Private Capital filed papers with government regulators supporting PeopleSoft's position.

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