PeopleSoft resists Oracle bid despite majority share tender

Although 60% of PeopleSoft’s shares were tendered to Oracle, PeopleSoft’s board of directors has rejected Oracle’s offer of $24...

Although 60% of PeopleSoft’s shares were tendered to Oracle, PeopleSoft’s board of directors has rejected Oracle’s offer of $24 per share. The fate of the takeover bid may not be resolved before year-end 2004.

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