EU clears Oracle-PeopleSoft takeover
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The European Commission said it had approved unconditionally US business software firm Oracle's hostile takeover of rival PeopleSoft.
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Oracle Corp is likely to win clearance from the European Commission for its hostile &#36;7.7 billion takeover of rival software firm PeopleSoft Inc., a source close to the situation said on 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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Yesterday, the European Commission, the regulatory arm of the European Union, approved your proposed $7.7 billion takeover bid of business software maker PeopleSoft (Nasdaq: PSFT).
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Oracle Corp. won European Union approval for its hostile $7.7 billion takeover offer for PeopleSoft Inc., removing the last regulatory hurdle to the bid.
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Business software group Oracle Corp. announced that it had taken control of rival PeopleSoft by grabbing 75 percent of its stock, ending a rancorous 18-month struggle.
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Oracle Corp. (ORCL.O: Quote, Profile, Research) said on Wednesday it has taken control of PeopleSoft Inc. (PSFT.O: Quote, Profile, Research) , now that about 75 percent of PeopleSoft&#39;s shareholders have tendered their shares.
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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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STRASBOURG: The European Commission on Tuesday approved Oracle Corp.&#39;s proposed $7.7 billion hostile takeover of rival business software company PeopleSoft Inc.
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European Union antitrust regulators cleared Oracle Corp.'s hostile &#36;7.7 billion bid for rival business software maker PeopleSoft Inc. on Tuesday, removing one of the last major hurdles in the contested takeover fight.
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European Union competition authorities are expected Tuesday to clear unconditionally US firm Oracle's hostile takeover of business software rival PeopleSoft, sources say.
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PeopleSoft finally gave in yesterday and accepted a $10.3bn (Â£5.4bn) takeover proposal from its larger rival Oracle, ending a pursuit that has lasted 18 months and has been marked by bitter personal insults and a series of courtroom battles.
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The European Commission said Tuesday that it has approved Oracle Corp.&#39;s $7.7 billion bid for PeopleSoft Inc., removing the last antitrust obstacle to the hostile takeover attempt.
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The European Commission said it had approved the acquisition by Spain's Repsol YSF of most of the Portuguese products and businesses belonging to Anglo-Dutch oil giant Shell.
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Business software maker Oracle  Corp. ORCL.O on Wednesday said it has taken control of rival  PeopleSoft Inc. PSFT.O now that about 75 percent of its  rival's shareholders have tendered their shares.
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The European Commission gives US software giant Oracle the green light for its takeover of US rival Peoplesoft.
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European Union antitrust regulators on Tuesday cleared Oracle Corp.'s hostile $7.7 billion bid for rival business software maker PeopleSoft Inc., removing one of the last major hurdles to the contested takeover proposal.