Judge Rules for Oracle in PeopleSoft Bid
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A US federal judge on Thursday gave Oracle Corp. a green light to proceed with its hostile bid to take over rival business software maker
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special coverage Oracle prevails in pursuit of PeopleSoft buy, as judge rejects Justice Department's antitrust arguments.
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Oracle yesterday extended its controversial bid for enterprise resource software provider PeopleSoft, while both companies await the final judge&#39;s ruling in the Department of Justice (DoJ) anti-competition case.
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The Delaware judge overseeing the legal wrangling there between PeopleSoft (Profile, Products, Articles) and hostile suitor Oracle (Profile, Products, Articles) rejected on
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SAN FRANCISCO -- PeopleSoft Inc.'s board of directors rejected Oracle Corp.'s $9.2 billion takeover bid yesterday, thrusting the business software maker's fate into the hands of its shareholders.
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Judge may order more testimony over PeopleSoft&#39;s use of poison pills to thwart an Oracle takeover. WILMINGTON, Del.,  - The Delaware judge presiding over Oracle Corp.
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A federal judge handed Oracle Corp. a major victory Thursday when he ruled that the software giant&#39;s $7.7 billion hostile bid to gobble up rival PeopleSoft Inc.
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Thursday&#39;s pro-Oracle Corp. decision on the US Department of Justice&#39;s attempt to block Oracle&#39;s proposed takeover of PeopleSoft Inc.
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The judge who must decide whether PeopleSoft Inc.'s corporate takeover defenses will stand up against a hostile takeover attempt by Oracle Corp. said Friday the latest revision of a key defense was "a lot closer" to meeting concerns raised about it in court.
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Oracle chalked up a key victory Friday in its battle to acquire PeopleSoft, with investors agreeing to sell the suitor 60 percent of PeopleSoft&#39;s outstanding shares.
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Oracle can pursue its 7.7 billion hostile takeover bid for rival business software maker PeopleSoft, a federal judge has ruled in a stunning setback for the US Justice Department.
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The Delaware judge overseeing the legal wrangling there between PeopleSoftÂ and hostile suitor OracleÂ rejected on Wednesday a settlement that PeopleSoft had arranged with a group of dissident shareholders.
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The judge presiding over Oracle&#39;s lawsuit to remove PeopleSoft&#39;s defense against a hostile takeover said on Wednesday that he would not rule until he had received more information on the case.
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A source close to the case says a ruling in Justice Dept.'s antitrust suit to stop Oracle from acquiring PeopleSoft may come this week.
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&quot;We believe that Oracle has nominated this slate to allow Oracle to purchase PeopleSoft for an inadequate price that does not reflect the Company&#39;s real value,&quot; PeopleSoft said in a statement.
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Oracle has made a huge step towards victory in its hostile takeover bid for rival business software company PeopleSoft, as the US federal courts rejected the Department of Justice&#39;s attempt to block the takeover bid.
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The judge who must decide whether PeopleSoft Inc.&#39;s corporate takeover defenses will stand up against a hostile takeover attempt by Oracle Corp.