Oracle to PeopleSoft: Rescind Poison Pill
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Oracle Corp. on Monday said it asked Peoplesoft Inc.&#39;s board of directors to immediately rescind a &quot;poison pill&quot; anti-takeover provision, two days after 61 percent of PeopleSoft shareholders
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PeopleSoft Inc. agreed to be bought by Oracle Corp. for $10.3 billion, giving up an 18-month battle that pitted PeopleSoft against its shareholders, drove away customers and led to the ouster of its chief executive.
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In testimony that he recorded in August as preparation for Oracle&#39;s &quot;poison pill&quot; lawsuit against PeopleSoft, former CEO Craig Conway admitted he lied to investors about the state of the company&#39;s
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PeopleSoft Inc.&#39;s board of directors unanimously rejected Oracle Corp.&#39;s takeover offer Saturday, Nov. 20, only hours after PeopleSoft stockholders tendered a majority of their shares in favor of the deal.
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PeopleSoft's board might have finally blinked. The business-software maker, facing a 16-month takeover siege from rival Oracle, has canned the CEO who bitterly opposed the deal and lost crucial regulatory support in its bid to stay independent.
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InfoWorld - PeopleSoft's Board of Directors voted Wednesday to recommend that its stockholders reject Oracle's takeover offer of &#36;24 per share. Oracle CEO Larry Ellison quickly responded, saying the offer is final and that it is now up to PeopleSoft's shareholders to make a determination.
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Sure, the PeopleSoft board told shareholders to just say no. This battle will go down to the wire, and even afterward Ellison could prevail.
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Let the bidding begin! A federal judge Thursday rejected a government attempt to block Oracle&#39;s proposed takeover of rival PeopleSoft.
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For the past 18 months, Oracle has been locked in a battle to acquire rival PeopleSoft involving courtroom drama, poison pills, personal enmity and, recently, the departure of PeopleSoft&#39;s CEO Craig Conway.
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SAN FRANCISCO/WASHINGTON  - A U.S. federal judge  on Thursday gave Oracle Corp. a green light to proceed with its  hostile bid to take over rival business software maker  PeopleSoft Inc., rejecting the government's bid to block the  $7.7 billion deal.
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After defiantly warding off rival Oracle Corp.âs $7.7 billion hostile takeover for 15 months, business software maker PeopleSoft Inc.
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NEW YORK, November 24  - Oracle Corporation (ORCL.NAS) is seeking a court order to remove PeopleSoft&#39;s (PSFT) anti-takeover defenses, after 61% of PeopleSoft&#39;s shareholders tendered their shares last week in support of Oracle&#39;s takeover
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Software company Peoplesoft has formally rejected a takeover bid from rival Oracle for a sixth time. The rejection came after about 61% of shareholders in the California-based business software firm backed Oracle&#39;s $9.2bn (Â£4.9bn) approach.
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PeopleSoft reiterated on Tuesday its opposition to a $7.7 billion takeover offer from Oracle after the European Union approved the bid, removing the last regulatory hurdle to a deal.
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Oracle Corp. on Monday said it asked Peoplesoft Inc.&#39;s board of directors to rescind an anti-takeover provision, two days after a majority of PeopleSoft shareholders tendered their
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NEW YORK, November 11  - PeopleSoft Inc (PSFT.NAS) has again rejected Oracle Corporation&#39;s (ORCL) &quot;best and final&quot; takeover bid, while urging its shareholders to reject Oracle&#39;s $24 per share tender offer as well.
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_ Oracle Corp. finally scooped up bitter rival PeopleSoft Inc. after 18 months of legal and verbal strife, ending a nasty feud with a $10.3 billion deal that promises to shake up the business software industry.