Oracle to Close PeopleSoft Purchase
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Oracle Corp. ORCL.O said on Thursday  it expects to close its purchase of rival software maker  PeopleSoft Inc. PSFT.O on Friday.
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Oracle Corp. announced Monday that it has signed a definitive merger agreement to acquire PeopleSoft Inc. for approximately &#36;10.3 billion.
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Business software maker PeopleSoft  Inc. has accepted a sweetened $10.3 billion acquisition offer  from rival Oracle Corp., ending a bitter, 18-month hostile  takeover battle, the companies said on Monday.
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DECEMBER 15, 2004  - For the first time since closing a deal to purchase rival PeopleSoft Inc. for $13.3 billion, Oracle Corp.
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PeopleSoft's board of directors today rejected Oracle's latest $24-per-share "best and final offer" for the company, leaving the outcome in the hands of PeopleSoft shareholders.
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REDWOOD SHORES, Calif. -- After months of wrangling, Oracle said Monday that it has signed a merger agreement to buy rival business software maker PeopleSoft.
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Peoplesoft agrees a $10.3bn takeover bid from rival business software firm Oracle, after an 18-month corporate battle.
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Yesterday, Oracle said 75 percent of PeopleSoft shareholders tendered their shares. That officially puts Oracle in charge, moving it closer to closing the contentious $10.3 billion deal.
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PeopleSoft Inc. capitulated to Oracle Corp., accepting a sweetened $10.3 billion offer to end an 18- month battle that pitted PeopleSoft against its shareholders and led to the ouster of its chief executive.
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Oracle Corp., the world&#39;s second-largest software firm, made what it called its last and best offer for rival PeopleSoft Inc. on Monday in a takeover battle that has now raged for almost a year and a half.
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The Oracle Corporation has taken control of PeopleSoft, ending an 18-month fight and making Oracle the world&#39;s second-largest maker of business-management software.
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NEW YORK, Dec 13  - Following are key facts about Oracle, which is the number two global software company behind Microsoft, and PeopleSoft, a business software firm that agreed Monday to be bought after an 18-month battle.
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The Friday midnight expiration for Oracle's tender offer to PeopleSoft's shareholders for control of the company will either end the software rivals' bitter, 17-month battle or increase its ferocity.
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Oracle called on PeopleSoft&#39;s board to meet and close a deal over the weekend. The company had set Friday as the deadline for its tender offer, vowing to walk away from the transaction if investors
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Oracle Corp. ORCL.O will announce  layoffs at PeopleSoft Inc. on Friday to integrate the recently  acquired company into the world's second-largest business  software maker, Oracle's CFO said on Tuesday.
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PeopleSoft Inc. capitulated to Oracle Corp., accepting a sweetened $10.3 billion takeover offer to end an 18-month battle that pitted PeopleSoft against its investors and led to the ouster of its chief executive.
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PeopleSoft Inc. on Monday agreed  to a sweetened $10.3 billion buyout by rival software maker  Oracle Corp., relenting after a 18-month takeover saga that  included the ouster of PeopleSoft's chief executive.