Oracle may drop PeopleSoft lawsuit
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Oracle says it will nix the claim unless PeopleSoft shareholders agree to sell at least half their holdings by on Nov. 19.
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Oracle Corp. CEO Larry Ellison testified yesterday that the business software maker is leaning toward lowering its $7.7 billion bid for rival PeopleSoft
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Lawrence Ellison, Oracle's chief executive, said the company could lower the $21-a-share bid Oracle is offering for rival PeopleSoft.
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Following the departure of PeopleSoft Inc. chief executive officer Craig Conway, the software company may be looking with fresh interest at longtime suitor Oracle Corp.
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An attorney for Oracle Corp. says the company will abandon its legal challenge to PeopleSoft Inc.'s antitakeover protections if shareholders fail to tender a majority of their shares by a Nov. 19 deadline.
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A judge yesterday dismissed a lawsuit against Oracle Corp. Chief Executive Larry Ellison and Chairman Jeffrey Henley that accused them of insider trading before the company announced an earnings shortfall in 2001.
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While a U.S. District Court continues to weigh the legality of  Oracle's (Nasdaq: ORCL) attempted takeover of  PeopleSoft (Nasdaq: PSFT), Oracle has taken the necessary steps to ensure the offer does not die on the vine with PeopleSoft's shareholders.
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Oracle will continue its full-court press for PeopleSoft this week when it plans to ask a judge to dismantle one of the last obstacles.
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Oracle Corp. ORCL.O said on Thursday  it expects to close its purchase of rival software maker  PeopleSoft Inc. PSFT.O on Friday.
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PeopleSoft&#39;s profit may drop &quot;significantly&quot; this year and may have trouble surviving on its own, according to testimony Monday by an Oracle executive.
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LOS ANGELES (CBS.MW) -- A Delaware judge rejected the proposed settlement of a lawsuit brought against PeopleSoft Inc. by shareholders over the company&#39;s resistance to Oracle Corp.
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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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Oracle Corp. on Monday said it  asked Peoplesoft Inc.'s board of directors to rescind an  anti-takeover provision, two days after a majority of  PeopleSoft shareholders tendered their stock in favor of  Oracle's $9.2 billion hostile offer.
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Oracle Corp. on Thursday said in a letter to PeopleSoft Inc. stockholders that it would withdraw its hostile takeover bid if less than half of PeopleSoft shares were tendered by the offer's deadline.
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Oracle Corp. on Monday again asked PeopleSoft Inc.'s board of directors to rescind an anti-takeover provision, as the two business software makers prepared to return to court this week to address one of the final barriers to the &#36;9.2-billion takeover bid.
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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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Letter says PeopleSoft should avoid court or proxy fight and allow sale to take place. NEW YORK (CNN/Money) - Oracle Corp. called on the board of PeopleSoft to surrender and accept its $24 a share offer Monday