Oracle steps up pressure on PeopleSoft
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Saying the financial projections for 2005 made by Pleasanton-based business software maker PeopleSoft are &quot;simply not credible,&quot; Redwood Shores-based Oracle Corp.
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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.
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Oracle Corp.'s &#36;24-a-share hostile takeover bid for PeopleSoft Inc. heated up anew yesterday as tonight's deadline for stockholders to offer their shares for sale approached.
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The stakes are so high in Oracle&#39;s interminable campaign to buy out PeopleSoft that both companies could end up bleeding themselves to exhaustion in this war of attrition.
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Oracle has again pushed back the expiration date on its offer for PeopleSoft stock.
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PeopleSoft will push ahead with a new marketing alliance and other initiatives in the face of a court ruling that raises the chance that Oracleâs $7.
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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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NEW YORK/PHILADELPHIA: Oracle Corp yesterday raised its hostile takeover offer for rival software company PeopleSoft Inc by 14 per cent to $US8.
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Oracle nominated four candidates to serve as directors of PeopleSoft&#39;s board and said it would fight for control of the company at its annual meeting next year.
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Ongoing battle between rival software makers enters new stage. Board has vowed to continue resistance. By Michael Liedtke. SAN FRANCISCO -- More than 60 percent of PeopleSoft Inc.
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A battle between rival shareholder groups is brewing in advance of Friday&#39;s final deadline for tendering shares to Oracle in support of its $9bn hostile takeover bid for rival PeopleSoft.
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PeopleSoft Inc. has scheduled its annual meeting for March 25, setting the date for a potentially decisive showdown in a fierce battle to fend off rival Oracle Corp.
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Oracle said clearance for the bid from the European Union, granted last week, prompted the move. Oracle hopes the higher price will persuade PeopleSoft to drop its remaining obstacles to the deal.
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Oracle Corp. (ORCL.O: Quote, Profile, Research) on Monday raised its hostile takeover offer for rival software company PeopleSoft Inc.
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PeopleSoft Inc. will push ahead with a new marketing alliance and other initiatives in the face of a court ruling that raises the chance that Oracle Corp.
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LONDON -- 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 options, according to Oracle President, Charles Phillips.
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Oracle Corp. plans to nominate four candidates for election to rival PeopleSoft Inc.'s board of directors as part of its battle to acquire the rival software company.