PeopleSoft Reviews EU Approval of Oracle Bid
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PeopleSoft said it would review a ruling by the European Union that gave Oracle&#39;s hostile takeover bid the green light and stood by its position that the offer undervalues the company.
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The European Commission is set to give US software giant Oracle the go-ahead to take over arch-rival PeopleSoft in a $7.7 billion (4.
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BRUSSELS -- The European Commission has restarted its investigation into Oracle Corp.'s hostile bid to acquire PeopleSoft Inc. and will issue its judgement by early November at the latest, it said on Thursday.
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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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NEW YORK, October 26  - Oracle Corporation (ORCL.NAS) has received the antitrust approval from the European Union, for its hostile $7.
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The EU is expected to approve the merger between rivals Oracle (Nasdaq: ORCL) and PeopleSoft (Nasdaq: PSFT), according to sources close to the proceedings.
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Oracle said clearance for the bid from the European Union, granted last week, prompted the move. Oracle hopes the higher price will persuade PeopleSoft to drop its remaining obstacles to the deal.
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The European Union's competition commissioner is ready to allow Oracle to proceed with its $7.7 billion hostile takeover bid for PeopleSoft, people close to the case said Friday
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European Commission is set to announce whether it will block the database giant's hostile takeover bid for PeopleSoft.
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Standard &amp; Poor&#39;s Equity Research maintained a &quot;hold&quot; rating on PeopleSoft (nasdaq: PSFT - news - people ), saying the European Commission&#39;s approval of the takeover by Oracle (nasdaq: ORCL - news - people ) removes that last regulatory hurdle to the
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EU approval of the Oracle-PeopleSoft deal would mirror events that have occurred in the United States, where the Justice Department had argued in favor of blocking of the bid but a court in San Francisco overturned the recommendation.
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Oracle is getting good at jumping legal hurdles. Tuesday the European Commission announced it won&#39;t block Oracle&#39;s proposed hostile takeover of PeopleSoft.
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The European Commission on Tuesday cleared Oracle's hostile &#36;7.7 billion bid for rival business-software maker PeopleSoft, lowering the last antitrust hurdle to the contested deal. "There is an absence of sufficient evidence of competitive harm," regulators said in a statement.
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STRASBOURG, France/SAN FRANCISCO  - The European  Commission on Tuesday approved Oracle Corp.'s ORCL.O proposed  $7.7 billion hostile takeover of rival business software  company PeopleSoft Inc. PSFT.O, clearing the last antitrust  hurdle to the deal.
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The European Union&#39;s competition commissioner, Mario Monti, is ready to allow Oracle to proceed with its $7.7 billion hostile takeover bid for its software rival PeopleSoft
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The European Commission is set to clear the $7.7 billion hostile takeover bid by Oracle for rival software group PeopleSoft in a move that is likely to pave the way for the creation of a new US software giant.
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Yesterday, the European Commission, the regulatory arm of the European Union, approved your proposed $7.7 billion takeover bid of business software maker PeopleSoft (Nasdaq: PSFT).