Takeover bid clouds PeopleSoft meeting
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As PeopleSoft Chief Executive Craig Conway tried to rally customer support Tuesday, even he had to admit that Oracle's &#36;7.7 billion hostile takeover bid is haunting his company.
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Two of PeopleSoft's largest shareholders indicated Tuesday that they would split on supporting Oracle's &#36;8.8 billion takeover bid for its business software rival, plunging the deal into uncertainty.
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At PeopleSoft Inc.'s Connect 2004 conference in San Francisco next week, the software vendor is expected to face questions from users about its ability to fend off Oracle Corp.'s hostile takeover bid and remain independent.
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PeopleSoft Inc.  on Tuesday denied an analyst report that its executives recently met with Oracle Corp. , the rival software vendor that last year launched a hostile bid for PeopleSoft.
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In the final days before shareholders decide on Oracle&#39;s takeover bid for rival software maker PeopleSoft (PSFT), Oracle (ORCL) is scrambling for votes, and PeopleSoft is bracing for the worst.
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Oracle Corp.&#39;s $24-a-share hostile takeover bid for PeopleSoft Inc. heated up anew yesterday as tonight&#39;s deadline for stockholders to offer their shares for sale approached.
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A battle between rival shareholder groups is brewing in advance of Friday&#39;s final deadline for tendering shares to Oracle in support of its $9bn hostile takeover bid for rival PeopleSoft.
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With 15,000 attendees at PeopleSoft&#39;s Connect user conference waiting to hear how the company would address Oracle&#39;s lingering hostile takeover bid, PeopleSoft chief executive Craig Conway tackled the issue early in his opening keynote.
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The board of PeopleSoft Inc. yesterday rejected Oracle Corp.&#39;s $24-a-share hostile takeover bid as too cheap, but said it was open to a deal at a higher price.
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PeopleSoft Inc. has scheduled its annual meeting for March 25, setting the date for a potentially decisive showdown in a fierce battle to fend off rival Oracle Corp.
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PeopleSoft set the clock on Friday on what may be the final battle in a prolonged war with Oracle. The software firm plans to hold its annual shareholder meeting on March 25, when the firm&#39;s shareholders may
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PeopleSoft Inc.'s board is prepared to drop its ferocious resistance to Oracle Corp.'s hostile takeover bid and negotiate a price above the current $7.7 billion offer if there's ''high certainty&quot; a deal can be done quickly, a company director said in court yesterday.
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PEOPLESOFT IS considering a bid from its rival Oracle now that its CEO, who opposed the deal, is out of the way. Peoplesoft director Steven Goldby told a Delaware court on Tuesday that the software maker would
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Oracle is in merger talks with other technology companies as it awaits the outcome of its $9.2 billion hostile takeover attempt for rival PeopleSoft.
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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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The standoff between Oracle and PeopleSoft is once again at an impasse, as PeopleSoft's board refuses to sell the company at the price Oracle has offered, and Oracle refuses to raise its bid.
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SAN FRANCISCO - While it has so far rejected each of Oracle Corp.'s takeover offers, PeopleSoft Inc.'s board of directors is willing to talk about a deal at the right price, a member of PeopleSoft's board said Tuesday.