PeopleSoft Capitulates, Falls to Oracle
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It has agreed that the company should be sold to Oracle for $26.50 a share, roughly $10.3 billion, $1.5 billion more than Oracle&#39;s now-famous &quot;best and final&quot; offer.
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Oracle has signed a definitive agreement to acquire PeopleSoft for $26.50 (Â£13.79) per share, or about $10.3bn. The transaction has been approved by both companies&#39; boards of directors and is expected to close by early January.
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Oracle Corp. early Wednesday declared that it had won control of PeopleSoft Inc. after stockholders tendered about 75 percent of the outstanding shares of the Pleasanton, Calif.
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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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SAN FRANCISCO/NEW YORK: Oracle said on Wednesday it has taken control of PeopleSoft, now that about 75% of shareholders of the rival software maker have tendered their shares.
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It&#39;s finally over. Business-software maker PeopleSoft (PSFT) agreed to be acquired by rival Oracle (ORCL) for $10.3 billion Monday, ending 18
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Oracle Corp. announced on Wednesday the end of an 18-month fight for the takeover of software maker PeopleSoft as 75% of the competitorâs shareholders have agreed to tender their shares to Oracle.
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PeopleSoft Inc. on Monday agreed to a sweetened $10.3 billion buyout by rival software maker Oracle Corp., relenting after a 18-month takeover saga that included the ouster of PeopleSoft&#39;s chief executive.
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PeopleSoft Inc. on Monday agreed to a  sweetened $10.3 billion buyout by rival software maker Oracle  Corp., relenting after a bitter, 18-month takeover saga marked  by personal insults, courtroom battles and the ouster of  PeopleSoft's chief executive.
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Washington, Nov. 20 : After a bitter 18-month battle, Oracle has succeeded in taking control of more than 60 per cent of outstanding shares of rival business software group PeopleSoft, but obstacles to the hostile takeover remain.
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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 proclaimed a symbolic victory Saturday after 61 percent of PeopleSoft stockholders accepted its $9.2 billion takeover offer.
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Oracle Corp.&#39;s $9.2 billion takeover of rival PeopleSoft Inc. neared the finish line early Saturday morning when a majority of stockholders agreed to tender their PeopleSoft shares.
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_ Oracle Corp. finally scooped up bitter rival PeopleSoft Inc. after 18 months of legal and verbal strife, ending a nasty feud with a $10.3 billion deal that promises to shake up the business software industry.
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PeopleSoft&#39;s Chairman and CEO David Duffield resigned from the company on Dec. 21, just one week after PeopleSoft&#39;s board agreed to accept Oracle&#39;s $10.3 billion acquisition offer.
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The Oracle Corporation announced early yesterday that it would acquire PeopleSoft for $10.3 billion, ending a bitter takeover fight that had lasted more than 18 months.
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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.