Financial Times FT.com

PeopleSoft investors divided over Oracle bid

By Richard Waters in San Francisco

Published: November 16 2004 18:57 | Last updated: November 16 2004 23:24

PeopleSoft's two biggest shareholders have taken opposite sides on the hostile takeover bid from Oracle, adding to the prospect of a tight finish when the deadline for Oracle's $9bn offer is reached on Friday.

However, PeopleSoft hinted that it was unlikely to change its stance on the Oracle offer even if it loses what amounts to a vote of confidence in its defence against the bid.

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