Europe Is Said to Be Close to Allowing Bid by Oracle
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The European Union's competition commissioner is ready to allow Oracle to proceed with its $7.7 billion hostile takeover bid for PeopleSoft, people close to the case said Friday
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The European Commission has given the green light to the proposed Oracle acquisition of PeopleSoft, European Union Competition commissioner Mario Monti said.
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LONDON -- Enterprise software giant Oracle Corp. may be known for big plans and bold moves but when it comes to capturing the European market the Redwood Shores, California, company has realized it also has to think small.
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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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BRUSSELS -- The European Commission has confirmed that it wants to reach a decision on Oracle Corp.âs hostile bid for PeopleSoft Inc. before the end of October, prompting speculation that it will approve the merger.
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The European Commission is still in  talks with Oracle Corp ORCL.O over its plan to take over  rival software firm PeopleSoft Inc. PSFT.O, but aims to take  a decision before the end of October, a Commission spokeswoman  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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The European Commission is expected to approve Oracle&#39;s $7.7 billion acquisition of PeopleSoft on Tuesday, with no conditions attached, a person close to the case said Monday.
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AMSTERDAM, Netherlands  - European Union regulators will decide Tuesday whether Oracle Corp.'s hostile bid for PeopleSoft Inc. can go ahead, ruling on the proposed takeover two-weeks ahead of schedule, the EU's antitrust chief said.
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European Union antitrust regulators on Tuesday cleared Oracle Corp.&#39;s hostile $7.7 billion bid for rival business software maker PeopleSoft Inc.
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Oracle Corp. will win unconditional European Union approval for its $7.7 billion bid for PeopleSoft Inc., ending the longest-ever merger review by EU antitrust regulators, according to people familiar with the situation.
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The European Commission is still in talks with Oracle Corp  over its plan to take over rival software firm PeopleSoft Inc. , but aims to take a decision before the end of October, a Commission spokeswoman said on Friday.
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The European Commission has resumed its probe of Oracle's &#36;7.7 billion hostile attempt to buy PeopleSoft in a bid to complete approval before Competition Commissioner Mario Monti leaves office, sources familiar with the situation said on Thursday.
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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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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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EUROPEAN Union regulators will decide on Tuesday whether Oracle&#39;s hostile $US7.7 billion ($10.4 billion) bid for rival PeopleSoft can proceed, the EU&#39;s antitrust chief said.
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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.