Oracle Takes Control of PeopleSoft
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Oracle Corp. early Wednesday declared that it had won control of PeopleSoft Inc. after stockholders tendered about 75 percent of the outstanding shares of the Pleasanton, Calif.
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Peoplesoft agrees a $10.3bn takeover bid from rival business software firm Oracle, after an 18-month corporate battle.
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PeopleSoft&#39;s board of directors has approved a takeover deal from Oracle worth around $10.3 billion, ending a bitter takeover attemptthat started more than a year ago and creating a major software maker.
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PeopleSoft Inc. has agreed to a sweetened US$10.3 billion buyout by rival software maker Oracle Corp., relenting after a 18-month takeover saga marked by personal insults, courtroom battles and the ouster of PeopleSoft&#39;s chief executive.
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PeopleSoft Inc. capitulated to Oracle Corp., accepting a sweetened $10.3 billion takeover offer to end an 18-month battle that pitted PeopleSoft against its investors and led to the ouster of its chief executive.
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Software giant Oracle Corp. said Wednesday that stockholders of rival PeopleSoft Inc. have tendered about 75 percent of the company's outstanding shares, granting Oracle control of the company.
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WASHINGTON, NOV 20 : After a bitter 18-month battle Oracle Corporation has succeeded in taking control of more than 60% of outstanding shares of rival business software group PeopleSoft, but obstacles to the hostile takeover remain.
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Business software giant Oracle announced Monday that it has signed a definitive agreement to acquire rival PeopleSoft after sweetening its offer by 10% to approximately &#36;10.3 billion.
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Finally! After 18 months, PeopleSoft Inc. has agreed to be acquired by Oracle Corp. for $26.50 a share in cash, or around $10.3 billion, after rebuffing several offers and being taken to court for instituting a controversial takeover defense.
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Oracle Corp. ORCL.O said on  Wednesday it has taken control of PeopleSoft Inc. PSFT.O, now  that about 75 percent of PeopleSoft's shareholders have  tendered their shares.
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REDWOOD SHORES, Calif. -- After months of wrangling, Oracle said Monday that it has signed a merger agreement to buy rival business software maker PeopleSoft.
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Oracle Corp.  has replaced PeopleSoft Inc.'s  co-presidents, after taking control of the rival software maker earlier this week, according to a regulatory filing.
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Oracle Corp.&#39;s $9.2 billion takeover of rival PeopleSoft Inc. neared the finish line early Saturday morning when a majority of stockholders agreed to tender their PeopleSoft shares.
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Oracle Corp. finally scooped up bitter rival PeopleSoft Inc. after 18 months of legal and verbal strife, ending a nasty feud with a $10.3 billion deal that promises to shake up the business software industry.
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Washington, Nov. 20 : After a bitter 18-month battle, Oracle has succeeded in taking control of more than 60 per cent of outstanding shares of rival business software group PeopleSoft, but obstacles to the hostile takeover remain.
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PeopleSoft Inc.  on Monday agreed to a sweetened &#36;10.3 billion buyout by rival software maker Oracle Corp. , relenting after a 18-month takeover saga marked by personal insults, courtroom battles and the ouster of PeopleSoft's chief executive.
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Oracle Corp. said on Wednesday it has  taken control of PeopleSoft Inc., now that about 75 percent of  PeopleSoft's shareholders have tendered their shares.