Oracle may lower PeopleSoft bid
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ORACLE chief executive Larry Ellison has testified that the business software maker was leaning toward lowering its $US7.7 billion ($10.
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A PeopleSoft Inc. PSFT.O board  member told a Delaware court on Tuesday that the software maker  would consider a bid from its rival Oracle Corp. ORCL.O  provided the price was right and a deal closed quickly.
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PeopleSoft executives said over the weekend that they won't discuss a sale to Oracle at a price of $24 per share but would consider an offer at a higher price.
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Oracle Corp. said it was prepared to walk away from its bid for rival business software maker PeopleSoft, saying it had learned that its &quot;final&quot; offer was on the verge of being rejected.
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Sure, the PeopleSoft board told shareholders to just say no. This battle will go down to the wire, and even afterward Ellison could prevail.
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Oracle Corp.'s hostile $7.7 billion bid for rival software maker PeopleSoft Inc. could drop by one-third to one-fourth, Oracle copresident Safra Catz said yesterday.
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ORACLE IS considering dropping its hostile $7.7 billion bid for rival software maker PeopleSoft by one-third to one-fourth. Oracle co-president Safra Catz said that having seen PeopleSoft&#39;s 2004 performance
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Oracle Corp.'s hostile &#36;7.7 billion bid for rival software maker PeopleSoft Inc. could drop by one-third to one-fourth, Oracle co-president Safra Catz said Monday.
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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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Oracle Corp., the world&#39;s second-largest software firm, made what it called its last and best offer for rival PeopleSoft Inc. on Monday in a takeover battle that has now raged for almost a year and a half.
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Oracle Corp. raised its takeover offer for PeopleSoft Inc. by 14 percent to $8.8 billion, increasing the pressure on the smaller software company to give up its 17-month fight against the bid.
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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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Two major PeopleSoft Inc. shareholders yesterday indicated they would split their votes on whether to accept Oracle Corp's $8.8 billion hostile takeover bid.
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A PeopleSoft Inc. (PSFT.O: Quote, Profile, Research) board member told a Delaware court on Tuesday that the software maker would consider a bid from its rival Oracle Corp.
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Tender offer could be trimmed by a third, given PeopleSoft's business prospects, top Oracle exec Safra Catz tells a court.
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Â Oracle Corp.'s hostile bid to acquire rival enterprise software maker PeopleSoft Inc. for $7.7 billion is set to continue for a bit longer.
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The board of PeopleSoft Inc. yesterday rejected Oracle Corp.'s &#36;24-a-share hostile takeover bid as too cheap, but said it was open to a deal at a higher price.