Despite Ruling, PeopleSoft Battles to Stand Alone
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AN FRANCISCO, Sept. 10 - The federal court ruling issued Thursday that allows Oracle to proceed with its hostile bid to acquire PeopleSoft removes a major roadblock to the merger.
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The standoff between Oracle and PeopleSoft is once again at an impasse, as PeopleSoft's board refuses to sell the company at the price Oracle has offered, and Oracle refuses to raise its bid.
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As the specter of an Oracle Corp. takeover hovers overhead, PeopleSoft Inc. is doing what it can to solidify its user base and help enterprises better manage its products.
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Two of the largest institutional holders of PeopleSoft shares are taking opposite positions on Oracle&#39;s latest takeover bid, indicating that the battle for control of the company is still far from over.
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PeopleSoft needs to get over its stubbornness and accept a new reality following Friday's shareholder vote, Oracle's chairman says.
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A proposal to settle a lawsuit brought last year by shareholders of PeopleSoft Inc. failed to clear court Wednesday after a judge found it unfairly cut off their right to sue over the company&#39;s resistance to a takeover by Oracle Corp.
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Unless a Delaware judge clears the way for Oracle Corp. to buy PeopleSoft Inc. in the next few weeks, the Pleasanton firm&#39;s shareholders will have the final say about their company&#39;s fate on March 25.
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Oracle won a key legal victory in its quest to buy PeopleSoft last week, but the grueling war for control of its software rival is far from over, industry analysts say.
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Opinion: In replacing fired CEO Craig Conway, PeopleSoft founder Dave Duffield may prove to be the only one who can save his company from an Oracle takeover.
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PeopleSoft (PSFT) CEO Craig Conway isn&#39;t about to go down without a fight in his company&#39;s takeover tussle with rival Oracle (ORCL).
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Oracle will continue its pursuit of PeopleSoft this week, asking a judge to dismantle one of the last obstacles to a deal.
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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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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.'s  $7.7-billion hostile takeover bid could succeed, PeopleSoft's  chief executive said on Tuesday.
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The battle for PeopleSoft intensified on Tuesday, with the company&#39;s two top shareholders said to be taking opposite sides in the software maker&#39;s struggle against an $8.8 billion hostile bid by its bigger rival Oracle.
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PeopleSoft's board might have finally blinked. The business-software maker, facing a 16-month takeover siege from rival Oracle, has canned the CEO who bitterly opposed the deal and lost crucial regulatory support in its bid to stay independent.
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The battle for who will ultimately control business software maker PeopleSoft (Nasdaq: PSFT) is reaching a fever pitch not seen since the red state-blue state smackdown from earlier this month.
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SAN FRANCISCO, SEPTEMBER 22: 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 Corpâs $7.