keywords: oracle peoplesoft shareholders reuters takeover
text: Oracle: PeopleSoft Board to Reject Bid  PHILADELPHIA (Reuters) - Software maker Oracle Corp.  &lt;A HREF="http://www.investor.reuters.com/FullQuote.aspx?ticker=ORCL.O target=/stocks/quickinfo/fullquote"&gt;ORCL.O&lt;/A&gt; on Wednesday said it will let PeopleSoft Inc. &lt;A HREF="http://www.investor.reuters.com/FullQuote.aspx?ticker=PSFT.O target=/stocks/quickinfo/fullquote"&gt;PSFT.O&lt;/A&gt;  shareholders decide for themselves whether to accept Oracle's  \$8.8 billion hostile takeover bid after learning that  PeopleSoft's board of directors will reject it.