June 20, 2003

Oracle Tries to Swallow PeopleSoft in Hostile Takeover Bid

Oracle Corporation made a hostile $5.1-billion takeover bid this month for PeopleSoft Inc. If the deal goes through, it could put pressure on colleges using PeopleSoft's administrative software to convert to Oracle's competing software or to seek alternatives.

Oracle made its offer directly to PeopleSoft shareholders, which prompted a quick and harsh reaction from PeopleSoft's chief executive officer, Craig Conway. Mr. Conway called the bid "atrociously bad behavior from a company

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