Larry's art of war

摘要

Having rejected Oracle's offer to buy Peoplesoft at $16, $19.50 and then $26 a share, what will Peoplesoft's board of directors make of its arch rival's latest entreaties? Citing market changes, on May 14th Oracle announced that it was now offering Peoplesoft's shareholders $21 a share for the world's third-largest business-software firm. With Peoplesoft's shares having slumped to below $17, that $26 offer spurned by Peoplesoft's board in February does not look so bad.