PeopleSoft Soap Opera Still Alive

Monday Nov 22nd 2004 by Staff

UPDATED: PeopleSoft's board remains defiant even though more than 60 percent of shareholders favor Oracle.


UPDATED: Merger talks are still alive though strained in the hostile takeover soap opera between Oracle (Quote, Chart) and PeopleSoft (Quote, Chart).

Oracle CEO Larry Ellison said his "best and final all cash offer" of $24 per share (an estimated $9.2 billion) has now been endorsed by a majority (61 percent ) of PeopleSoft shareholders after a vote taken late Friday.

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