Craig Conway, president and CEO of PeopleSoft, has joined J.D. Edwards, which filed a similar suit on Friday last week.
‘By making an offer with the acknowledged intent of eliminating PeopleSoft’s business, Oracle seeks to disrupt PeopleSoft’s efforts to complete new sales, thus, effectively damaging PeopleSoft’s business even if Oracle never buys a single share of PeopleSoft stock,’ said Conway in a statement.
The battle for shareholder votes also began in earnest today, with both companies taking out full-page ads in the Financial Times. ‘In the end, PeopleSoft was the target of a hostile bid precisely because we have stronger products and precisely because we are so well-positioned,’ read the PeopleSoft advert. Oracle simply stated: ‘Don’t let the board take away your choice’ followed by a very clear reminder of what Oracle is offering – cash.
Mark McMullen joins the private client services team from Smith & Williamson
Merger between Clear & Lane Chartered Accountants and Magma Chartered Accountants was finalised on 3 February
BDO has taken its new partner intake to 23 during the first half of its financial year, including the appointment of five partners in five weeks
The firm reports 7.6% global fee income growth for the year ending 31 December 2016