Oracle claims support of PeopleSoft shareholders
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PeopleSoft has remained defiant in the long-running hostile takeover bid by Oracle, despite &#39;over 60%&#39; of its shareholders coming down in favour of its rival.
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Investors continued to bet Friday that most PeopleSoft Inc. shareholders will back Oracle Corp.'s &#36;9.2 billion takeover bid for its bitter rival, further extending a bruising battle that already has dragged on for more than 17 months.
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Oracle Corp. ORCL.O on Friday  said 61 percent of PeopleSoft Inc. PSFT.O shares were  tendered for its $24-a-share offer, strengthening Oracle's  hostile bid position as it waits to see if PeopleSoft's board  will remove the final barrier to a deal.
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Oracle has sent an open letter to PeopleSoft stockholders, urging them to accept its $24-er-share bid to buy the company. Oracle charges that PeopleSoft&#39;s board has denied shareholders the
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Investors following Oracle Corp.&#39;s hostile takeover battle with PeopleSoft Inc. got plenty of information to digest this week, including bold predictions
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PeopleSoft Inc. said its board remains convinced Oracle Inc.&#39;s $24-a-share takeover bid is ``inadequate&#39;&#39; and said it will not sell the company for less than it&#39;s worth.
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Software giant Oracle has finally taken control of rival PeopleSoft after an 18-month takeover battle. Wednesday, Oracle said that 75% of PeopleSoft shareholders have tendered their shares.
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The California Employees' Retirement System (Calpers) is tendering its 1.5 million PeopleSoft shares to Oracle, giving the hostile suitor a boost in the final days of its takeover bid.
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REDWOOD SHORES, Calif. Investors continue to bet today that most PeopleSoft shareholders will back Oracle&#39;s nine-point-two (b) billion-dollar takeover bid for its bitter rival.
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Ohio&#39;s state pension fund said on Friday it will tender its 527,790 shares of PeopleSoft Inc. (PSFT.O: Quote, Profile, Research) , accepting Oracle Corp.
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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. ORCL.O on Friday  won the backing of another key public pension fund in its  $8.8-billion hostile bid for PeopleSoft Inc. PSFT.O as the  17-month takeover battle between the two California-based  business software makers neared a key deadline.
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Calpers, a large US pension fund, has joined a growing list of big investors supporting Oracle in its hostile buyout--at $9.2 billion--of rival PeopleSoft.
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Yesterday, Oracle said 75 percent of PeopleSoft shareholders tendered their shares. That officially puts Oracle in charge, moving it closer to closing the contentious $10.3 billion deal.
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More than 60 percent of PeopleSoft Inc.'s shareholders have tendered their stock in support of Oracle Corp.'s &#36;9.2 billion takeover bid for its bitter rival, further extending a bruising battle that already has dragged on for more than 17 months.
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Oracle Relevant Products/Services from Oracle, backed by what the company views as a favorable response from PeopleSoft Latest News about PeopleSoft stockholders, is applying more pressure in an effort to complete its proposed US$9.2 billion hostile
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Despite its suitor&#39;s announcement that shareholders had tendered more than 60 percent of outstanding shares of PeopleSoft Inc.