Judge Is Set to Decide Oracle-PeopleSoft Battle
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The judge who will decide whether to block defenses by PeopleSoft against Oracle's hostile offer urged both sides to agree on what issues remain in contention.
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A crucial legal ruling in Oracle's takeover bid for Peoplesoft is delayed after a judge says he needs to hear more evidence.
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TO the casual observer, Oracle v. PeopleSoft, the case unfolding in Delaware Chancery Court, is just the latest round in an ugly and long takeover fight between two software giants.
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Options traders have been building bullish positions in PeopleSoft Inc.  (PSFT.O) as investors bet a federal judge will approve Oracle Corp.'s hostile takeover bid of the business software maker, traders said on Monday.
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WILMINGTON, Del. - A judge said Oracle Corp., which has spent 17 months trying to buy PeopleSoft Inc., must return to court with its rival for two days in December before he decides whether to invalidate PeopleSoft&#39;s anti-takeover defenses.
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EUROPEAN Union regulators will decide on Tuesday whether Oracle&#39;s hostile $US7.7 billion ($10.4 billion) bid for rival PeopleSoft can proceed, the EU&#39;s antitrust chief said.
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PeopleSoft will push ahead with a new marketing alliance and other initiatives in the face of a court ruling that raises the chance that Oracleâs $7.
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update In the latest twist in the hostilities between Oracle and PeopleSoft, Wall Street&#39;s footsoldiers are massing for battle.
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It looks as though the European Commission is getting ready to permit  Oracle's (Nasdaq: ORCL) US&#36;7.7 billion hostile takeover bid of PeopleSoft (Nasdaq: PSFT). The ruling, which has been  widely anticipated after a similar consideration in the United States also  paved the way for Oracle's takeover, is expected to be handed down before the  end of October.
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The dispute between Oracle and PeopleSoft will return to the courtroom next month, when the presiding judge will hear more testimony.
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European antitrust regulators are set to announce Tuesday whether they will block Oracle&#39;s hostile takeover bid for rival PeopleSoft.
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PeopleSoft (PSFT) CEO Craig Conway isn&#39;t about to go down without a fight in his company&#39;s takeover tussle with rival Oracle (ORCL).
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Oracle Corp can celebrate a ruling by a US judge that it can take over archrival PeopleSoft Inc, but analysts say the world&#39;s second biggest software maker has a battery of other barriers to overcome before a deal is clinched.
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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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Oracle will continue its pursuit of PeopleSoft this week, asking a judge to dismantle one of the last obstacles to a deal.
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Investor's Business Daily - A long-awaited ruling Thursday by U.S. District Judge Vaughn Walker has cleared the way for Oracle   to proceed with its &#36;7.7 billion hostile bid to buy rival PeopleSoft  .
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Oracle Corp. won permission yesterday from a federal judge to proceed with its $7.7 billion hostile bid for PeopleSoft Inc. , reviving a battle that PeopleSoft said drove customers to competitors.