Some PeopleSoft holders want lawsuit reopened
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A group of PeopleSoft shareholders has asked that a Delaware judge order the company&#39;s board to negotiate with rival software maker Oracle, which is trying to acquire PeopleSoft for $8.
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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. 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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Competitors say they are winning contracts over PeopleSoft because of concern about company's future.
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WILMINGTON, Del. - A judge said Oracle Corp., which has spent 17 months trying to buy PeopleSoft Inc., must return to court with its rival for two days in December before he decides whether to invalidate PeopleSoft&#39;s anti-takeover defenses.
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While Oracle Corp. awaits a judge&#39;s decision on whether it can continue in its quest to acquire PeopleSoft Inc., the company faced a setback in an unrelated case.
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Oracle yesterday extended its controversial bid for enterprise resource software provider PeopleSoft, while both companies await the final judge&#39;s ruling in the Department of Justice (DoJ) anti-competition case.
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Oracle may yet prevail, but not because its target is surrendering. Digging in for a long fight is more likely. When PeopleSoft&#39;s board of directors fired Chief Executive Craig Conway on Oct. 1, Wall Street
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Oracle has told a Delaware court that it plans to drop a lawsuit pending there against PeopleSoft if PeopleSoft shareholders don't back Oracle's tender offer by next week's deadline.
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CEO Craig Conway&#39;s over-enthusiastic statements about the effect Oracle Corp&#39;s hostile takeover bid was having on PeopleSoft Inc&#39;s business contributed in part to his downfall, it was suggested in court yesterday.
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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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With tomorrow's deadline approaching, Oracle today made another plea to PeopleSoft stockholders to tender their shares, telling them, "The choice is yours."
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The great debate over the impact of Oracle's hostile takeover of PeopleSoft has all the big industry analyst organizations weighing in. However, in most of the analysis one group's opinion seems to have been overlooked: that of PeopleSoft users.
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To hear Oracle (Nasdaq: ORCL) tell it, PeopleSoft (Nasdaq: PSFT) users, as well as its stockholders, are becoming more comfortable with -- or at least resigned to -- the idea of Oracle's proposed acquisition of the enterprise software company.
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Despite a clear-cut show of support among its shareholders to accept Oracle&#39;s hostile takeover bid, PeopleSoft&#39;s board is digging in for a fight.
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WILMINGTON, Del.  - PeopleSoft Inc.'s PSFT.O  chief financial officer on Wednesday said the company's  controversial customer assurance program, now being challenged  in court, might not force liabilities on Oracle Corp. ORCL.O  if its $7.7 billion takeover bid succeeds.
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The dispute between Oracle and PeopleSoft will return to the courtroom next month, when the presiding judge will hear more testimony.