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.
Harrison Beale & Owen will (HB&O) have a new chairman and managing director at the helm for 2017
Satvir Bungar promoted to managing director in the mergers and acquisitions team
Carolyn Brown appointed as the first head of client legal services practice RSM Legal
UK senior partner Phil Verity has been elected for a second term at Mazars