PR World Shakes Its Head as Oracle And PeopleSoft Trade Blows

There's a reason they call it a "hostile" takeover. In early June, mega software player Oracle Corp. offered $5.1 billion for rival PeopleSoft and upped the ante to $6.3
billion on June 18. The board rejected the offer, saying it "dramatically undervalues" the company and was in fact a ploy, "designed to disrupt" PeopleSoft's pending merger with
J.D. Edwards & Co.