Markets & Finance

PeopleSoft Rejects Oracle's New Bid

PeopleSoft's (PSFT) board of directors voted unanimously to reject Oracle's (ORCL) revised unsolicited offer of $19.50 per share in cash. (6/20)

Heinz (HNZ) may be a takeover target, reports the latest issue of BusinessWeek. (6/20)

WPP Group PLC (WPPGY) agrees to buy fellow advertising agency Cordiant Communications Group PLC (CDA) for 2.4 pence a share, valuing the entire company at around 10 million pounds. WPP said it plans a 100 million pounds ($167.9 million or 143.6 million euros) share offering to help fund the acquisition. (6/19)

Kimco Realty (KIM) agrees to buy Mid-Atlantic Realty (MRR) for $21 per share. (6/19)

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