PeopleSoft Defies Oracle Bid, Pursues IBM
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PeopleSoft Inc. will push ahead  with a new marketing alliance with IBM and other initiatives  despite a recent court ruling that bolstered Oracle Corp.'s  $7.7-billion hostile bid to acquire the company, PeopleSoft's  CEO said on Tuesday.
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EUROPEAN antitrust regulators have cleared Oracle to pursue its hostile $US7.7 billion bid to buy PeopleSoft, but the legal breakthrough wasn&#39;t expected to end the stalemate between the bitter business software rivals.
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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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Shares of PeopleSoft Inc. surged 11 percent Friday after a federal judge paved the way for Oracle Corp. to press on with its $7.7 billion hostile takeover bid for the business software maker.
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Oracle sweetened its hostile bid for rival business software maker PeopleSoft to $9.2 billion, a 14% increase aimed at resolving the long-running takeover battle between the bitter foes.
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WALNUT CREEK, Calif. - PeopleSoft Inc. rebuffed Oracle Corp.&#39;s latest hostile takeover bid, vowing to fight the $9.2 billion offer even if a majority of shareholders supported it.
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PeopleSoft Inc.  on Tuesday denied an analyst report that its executives recently met with Oracle Corp. , the rival software vendor that last year launched a hostile bid for PeopleSoft.
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PLEASANTON, California - PeopleSoft Inc.&#39;s board yesterday rejected Oracle Corp.&#39;s $9.2 billion takeover bid, continuing its resistance after the company&#39;s own shareholders tendered more than 60 percent of their stock to Oracle.
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September 23, 2004 - PeopleSoft this week became the latest vendor converted by IBM&#39;s WebSphere gospel. The enterprise software giant announced from its Connect 2004 user conference that it has entered a
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PeopleSoft reiterated on Tuesday its opposition to a $7.7 billion takeover offer from Oracle after the European Union approved the bid, removing the last regulatory hurdle to a deal.
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Oracle has made a huge step towards victory in its hostile takeover bid for rival business software company PeopleSoft, as the US federal courts rejected the Department of Justice&#39;s attempt to block the takeover bid.
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PEOPLESOFT has strengthened its ties with technology giant IBM hoping to boost its recently sagging sales as it continues to fight Oracle&#39;s $US7.
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Shares of PeopleSoft Inc.  traded near a one-year high on Thursday after analysts raised their earnings outlooks for the business software maker, which continues to fight a &#36;9.2 billion hostile takeover bid by Oracle Corp. .
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Ziff Davis - PeopleSoft continues on the upgrade path despite the threat of a takeover by Oracle.
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After defiantly warding off rival Oracle Corp.'s &#36;7.7 billion hostile takeover for 15 months, business software maker PeopleSoft Inc. finds itself backed into a corner, with its best chances for escape tied to forces beyond its control.
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NOVEMBER 29, 2004  - Embattled ERP software vendor PeopleSoft Inc. last week refused to capitulate in its long-running battle with potential purchaser Oracle Corp.
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PLEASANTON, California The board of directors of PeopleSoft has rejected Oracle&#39;s $9.2 billion takeover bid, continuing its resistance a day after the company&#39;s own shareholders tendered more than 60 percent of stock to Oracle.