Oracle&#39;s bid still facing hurdles
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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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Although the threat of Oracleâs hostile takeover continues to cast a shadow over it, PeopleSoft is pressing on with plans to integrate into its product mix the enterprise applications it picked up last year in its acquisition of J.D. Edwards.
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Oracle is one step closer to taking over rival PeopleSoft now that a federal judge has ruled against the federal government&#39;s effort to thwart the $7.
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For the past 18 months, Oracle has been locked in a battle to acquire rival PeopleSoft involving courtroom drama, poison pills, personal enmity and, recently, the departure of PeopleSoft&#39;s CEO Craig Conway.
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But the company, which appeared on an Oracle takeover list, acknowledges that it can't stop someone from trying.
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Got to circle around those SAP wagons Oracle loves buying companies and it simply can't break/won't break the habit. It's got ambitious growth targets to meet and rivals' market share to take.â¦
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Oracle Corp. may have won a major antitrust fight with the Justice Department last week over its proposed acquisition of PeopleSoft Inc., but that doesn't mean the company is on the verge of closing the deal.
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BRUSSELS--The European Commission is still in talks with Oracle over its plan to take over rival software company PeopleSoft but aims to make a decision before the end of October, a Commission representative said Friday.
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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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Even as it works to clear the last hurdles of its $10.3 billion takeover of PeopleSoft, Oracle is working to decide how best to execute on the merger and handle customer requests.
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With a major hurdle out of the way but a few more tough ones up ahead, Oracle&#39;s bid to buy PeopleSoft could boil down to one question: What price is right?
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As Oracle Corp. pushes forward with its hostile bid to acquire rival enterprise software maker PeopleSoft Inc. for $7.7 billion, it is also sizing up further acquisition
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Oracle may be breathing fire down its neck with an ongoing hostile takeover effort, but PeopleSoft is trying to withstand the siege and stay independent. The business software company has struck a pact with IBM to woo customers and bolster its business, although there's plenty of debate over whether Big Blue will pull off a dramatic rescue.
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Is PeopleSoft&#39;s founder and long-time chief executive back at the helm to accept Oracle&#39;s takeover bid, or to dig-in for a long-term battle?
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Oracle's attempt to buy rival software producer Peoplesoft hangs in the balance as investors consider its $9.2bn takeover offer ahead of Saturday's deadline.
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Oracle is one step closer to taking over rival PeopleSoft now that a federal judge has ruled against the federal government's effort to thwart the &#36;7.7 billion hostile bid over antitrust concerns, a decision that could spark a rash of tech-sector acquisition attempts.
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Executive sees opportunities despite recent challenges to its position from Microsoft and Oracle.