Oracle Secures Nearly 61% PeopleSoft Shareholder Backing
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Oracle has won backing from slightly more than 60% of PeopleSoft Inc. shareholders in its $9.2 billion hostile takeover. Friday evening, the software maker announced that 228.7 million out of the roughly 376
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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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- SAN FRANCISCO  - Oracle Corp. Friday said a majority of PeopleSoft Inc. shares have been tendered for its $24-a-share offer, strengthening Oracle&#39;s
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Oracle Corp. said on Wednesday it has  taken control of PeopleSoft Inc., now that about 75 percent of  shareholders of the rival software maker have tendered their  shares.
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SAN FRANCISCO/NEW YORK: Oracle said on Wednesday it has taken control of PeopleSoft, now that about 75% of shareholders of the rival software maker have tendered their shares.
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Oracle Corp.  said on Wednesday it has taken control of PeopleSoft Inc. , now that about 75 percent of PeopleSoft's shareholders have tendered their shares.
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The European Commission approved US software company Oracle&#39;s 7.7 billion-dollar takeover bid for its American rival in the business software market Peoplesoft on Tuesday.
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European Union antitrust regulators on Tuesday cleared Oracle Corp.&#39;s hostile $7.7 billion bid for rival business software maker PeopleSoft Inc.
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SAN FRANCISCO/WASHINGTON  - Software maker Oracle  on Thursday got the green light from a U.S. federal judge for  its $7.7 billion takeover of smaller rival PeopleSoft Inc.,  sending PeopleSoft shares up 15 percent.
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PeopleSofts shareholders tendered 60.8% of their shares to Oracle on November20th, which in TBRs (Technology Business Research) opinion makes this acquisition approximately 95% plausible.
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Despite its suitor&#39;s announcement that shareholders had tendered more than 60 percent of outstanding shares of PeopleSoft Inc.
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EURO UNION antitrust regulators have given the thumbs up for Oracle to carry on with its hostile $7.7 billion bid to buy PeopleSoft.
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Oracle has boldly claimed that it now has full control of PeopleSoft, although its takeover is actually not quite done. Oracle on Tuesday revealed that close to 75 per cent of PeopleSoft shares had been tendered by investors.
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The European Commission said Tuesday that it has approved Oracle Corp.&#39;s $7.7 billion bid for PeopleSoft Inc., removing the last antitrust obstacle to the hostile takeover attempt.
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Oracle Corp. sent yet another letter to PeopleSoft Inc.&#39;s board of directors on Monday morning, pointing out that a majority of PeopleSoft&#39;s owners are prepared to sell at $24 per share and requesting once
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European Union antitrust regulators cleared Oracle Corp.&#39;s hostile $7.7 billion bid for rival business software maker PeopleSoft Inc.
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Oracle Corp. ORCL.O on Friday  said 61 percent of PeopleSoft Inc. PSFT.O shares were  tendered for its $24-a-share offer, strengthening Oracle's  hostile bid position as it waits to see if PeopleSoft's board  will remove the final barrier to a deal.