PeopleSoft Execs Defend Bid Rejection
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WILMINGTON, Del.  - PeopleSoft Inc.'s PSFT.O  chief financial officer on Wednesday said the company's  customer assurance program might not force liabilities on  Oracle Corp. ORCL.O if its $7.7 billion takeover bid  succeeds.
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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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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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Exec says hostile bid was made out of fear that PeopleSoft would deploy tough defensive measures. WILMINGTON, Del. (Dow Jones) - Oracle Corp.
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PeopleSoft investors keep $9.2 billion bid in play, but the deal still faces hurdles.
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PeopleSoft's rejection puts the company's fate in the hands of its shareholders and shows that its new management team intends to continue to fight the merger with Oracle.
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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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PLEASANTON, California The board of directors of PeopleSoft has rejected Oracle&#39;s $9.2 billion takeover bid, continuing its resistance a day after the company&#39;s own shareholders tendered more than 60 percent of stock to Oracle.
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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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PeopleSoft board members on Wednesday rejected Oracle&#39;s &quot;best and final&quot; offer in the often contentious 17-month hostile takeover battle--but the database software giant remains on the hunt.
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The board of software vendor PeopleSoft has advised shareholders to reject Oracle&#39;s takeover bid for a fifth time, pushing the long-running saga closer towards a proxy battle next Spring.
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PeopleSoft&#39;s board unanimously rejected Oracle&#39;s $24-a-share offer as inadequate shortly after close of business in New York this evening.
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The PeopleSoft Inc. director who has been leading the defense of the software company&#39;s antitakeover measures said Tuesday the company&#39;s board is willing to talk about a deal with rival Oracle Corp.
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WILMINGTON, Del. Oct. 5, 2004 - PeopleSoft Inc., which has resisted hostile takeover advances from Oracle Corp. for 16 months, is willing to talk about a deal at the right price, a member of PeopleSoft&#39;s board said Tuesday.
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A federal judge may have sent a gift to all merger-minded U.S. executives when he rejected the government's request to block Oracle Corp.'s  bid for PeopleSoft Inc.  last week.
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Senior executives at business software group PeopleSoft have once again spurned a takeover bid from Oracle Corp, even after the latter announced it had control of more than 60 percent of PeopleSoft&#39;s shares.
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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.