Oracle unveils &#39;final&#39; PeopleSoft offer
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Oracle is to raise its hostile bid for rival business software maker PeopleSoft to $8.8 billion, calling this its &#39;best and final&#39; offer.
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SAN FRANCISCO -- Ending 18 months of hostility, Oracle Corp. has raised its takeover bid for rival PeopleSoft Inc. by 10 per cent to seal a $10.3-billion US deal that will create the world&#39;s second-largest maker of business applications software.
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SAN FRANCISCO - Business software maker Oracle Corp. will do everything it can to support PeopleSoft Inc. customers, who are vital to the success of Oracle&#39;s proposed $9.2 billion takeover of PeopleSoft, Oracle
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NOVEMBER 01, 2004 (IDG NEWS SERVICE) - Oracle Corp. extended what it called its &quot;best and final offer&quot; for rival PeopleSoft Inc.
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Over the weekend, Oracle announced that approximately 60 percent of PeopleSoft&#39;s outstanding shares had been tendered to Oracle in that company&#39;s $9.2 billion takeover bid for PeopleSoft.
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The Oracle-PeopleSoft takeover battle may have finally entered its endgame, with Oracle Corp upping its bid and for the first time imposing a deadline for PeopleSoft Inc shareholders to accept it.
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Oracle today unveiled its &quot;best and final offer&quot; for PeopleSoft, promising to withdraw entirely from the long-running takeover battle if its $24 per share proposal is not accepted by 19 November 2004.
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SAN FRANCISCO, Dec. 13 -- Software maker PeopleSoft Inc. announced Monday that it had agreed to be acquired by Oracle Corp. in a &#36;10.3 billion deal, ending one of the longest and nastiest takeover battles in recent corporate history.
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Oracle announced Monday that it has increased its PeopleSoft takeover bid to US$24 a share, calling the figure its &quot;best and final&quot; offer for its rival.
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An end to the takeover squabble between Oracle and PeopleSoft may not be in sight even though, in what it called a &quot;best and final&quot; offer, Oracle upped its unsolicited bid by 14 percent, to $24 per share.
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Oracle&#39;s agreement to buy PeopleSoft for $26.50 per share, or approximately $10.3 billion, means a new era for users of PeopleSoft&#39;s enterprise applications.
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The Oracle Corporation has taken control of PeopleSoft, ending an 18-month fight and making Oracle the world&#39;s second-largest maker of business-management software.
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Oracle Corp.  on Monday said rival business software maker PeopleSoft Inc.'s  board has accepted a sweetened purchase offer of about &#36;10.3 billion, ending a long and bitter hostile takeover battle.
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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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Investor's Business Daily - The oracle of Oracle   seems to have pulled another rabbit out of his hat in his quest to buy rival PeopleSoft  . A majority of PeopleSoft shareholders appeared poised Friday to accept Oracle's offer of &#36;24 per share, though two analysts said it would be close. (Oracle planned to reveal results of its tender offer at about midnight, after press time.)
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Oracle Corp. recently learned that PeopleSoft will reject Oracle&#39;s $24.00 a share- its best and final offer. The cash tender offer to purchase all of the outstanding shares of PeopleSoft, Inc.
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Oracle Corp. announced today it has signed a definitive merger agreement to acquire PeopleSoft Inc. for approximately $10.3 billion. -AP