Colleges Are Relieved as PeopleSoft Rejects Latest Oracle Takeover Bid

Some college officials breathed a sigh of relief last week when PeopleSoft's Board of Directors rejected the latest takeover bid by the Oracle Corporation, which has been trying to acquire PeopleSoft since last summer.

The $9.4-billion bid was Oracle's third, and company officials said it would be their final offer, although they have not said when it will expire. PeopleSoft officials have bitterly opposed Oracle's takeover effort.

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