Pleasanton, Calif . (June 19, 2003) Oracle Corp. stepped up its pursuit of rival enterprise resource planning software developer PeopleSoft Inc. by reportedly increasing its cash tender offer by 22 percent to about $6.3 billion, and planning a lawsuit against the target company's amended merger agreement with J.D. Edwards, another enterprise vendor.
"Oracle remains committed to acquiring PeopleSoft and will not be deterred by management's maneuvers to maintain control of a company they do not own," Oracle chairman and chief executive Larry Ellison said, according to Reuters.
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