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Short Take: PeopleSoft announces stock offering

PeopleSoft announced in a filing that a handful of existing shareholders are offering up 290,645 shares of stock. The company will receive no part of the proceeds from the sale of the shares. Based on Wednesday's closing price of 57-3/4, the offering is valued at about $16.8 million.

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announced in a filing that a handful of existing shareholders are offering up 290,645 shares of stock. The company will receive no part of the proceeds from the sale of the shares. Based on Wednesday's closing price of 57-3/4, the offering is valued at about $16.8 million.