EU to Rule on Oracle's Bid for PeopleSoft
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European Union regulators will decide Tuesday whether Oracle Corp.'s hostile &#36;7.7 billion bid for rival business software concern PeopleSoft Inc. can proceed, the EU's antitrust chief said Friday.
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Oracle Corp (ORCL.O: Quote, Profile, Research) is likely to win clearance from the European Commission for its hostile takeover of rival software firm PeopleSoft Inc.
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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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The European Commission has confirmed that it wants to reach a decision on Oracle Corp.&#39;s hostile bid for PeopleSoft Inc. before the end of October, prompting speculation that it will approve the merger.
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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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The European Commission on Tuesday approved Oracle Corp.'s  proposed &#36;7.7 billion hostile takeover of rival business software company PeopleSoft Inc. , clearing the last antitrust hurdle to the deal.
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EUROPEAN antitrust regulators have cleared Oracle to pursue its hostile $US7.7 billion bid to buy PeopleSoft, but the legal breakthrough wasn&#39;t expected to end the stalemate between the bitter business software rivals.
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The European Union is set to approve Oracle&#39;s hostile $7.7bn takeover of enterprise apps vendor PeopleSoft, according to Reuters and the Financial Times , both of which cite unnamed sources.
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BRUSSELS--The European Commission is still in talks with Oracle over its plan to take over rival software company PeopleSoft but aims to make a decision before the end of October, a Commission representative said Friday.
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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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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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SAN FRANCISCO (CBS.MW) -- Oracle is close to gaining approval from European Union regulators regarding its proposed takeover of PeopleSoft, according to the Financial Times on Friday.
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BRUSSELS, Belgium -- European Union regulators suggested Monday they are not bound by a US decision to allow Oracle Corp. to pursue its $7.
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A PeopleSoft Inc. PSFT.O board  member told a Delaware court on Tuesday that the software maker  would consider a bid from its rival Oracle Corp. ORCL.O  provided the price was right and a deal closed quickly.
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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 European Union has approved Oracle&#39;s takeover of PeopleSoft, marking yet another turn in the bitter 17-month wrangle between the fierce business software rivals.
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OCTOBER 26, 2004 (IDG NEWS SERVICE) - As expected, the European Commission announced today that it has ruled that Oracle Corp. can proceed with its hostile acquisition attempt of PeopleSoft Inc.