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Fending off Larry Ellison is not easy. And it's not cheap. In its quarterly earnings statement released last week, PeopleSoft Inc. disclosed that the cost of defending itself against Oracle Corp.'s hostile takeover bid for the first three months of the year was $12.8 million. To date, the company said it had spent $55 million. A good portion of the expenditure is flowing to a coalition of elite law firms, fighting for the company's independence on several fronts.
April 27, 2004 at 12:00 AM
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The original version of this story was published on The Recorder
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