Update 1: Judge Won&#39;t Approve PeopleSoft Settlement
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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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Judge rejects Justice Department charges, allowing Oracle's hostile bid for PeopleSoft to continue.
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He says he will walk away if the majority of shareholders don&#39;t themselves sell to Oracle by Nov. 19. By Rick Whiting. PeopleSoft&#39;s fate is in the hands of its shareholders.
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PeopleSoftÂs top shareholder, Capital Guardian Trust, has decided to support OracleÂs $8.8 billion hostile takeover, but the No. 2 holder, Private Capital Management, has decided against it.
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A PeopleSoft director testified on Tuesday that he would be open to considering Oracle's $7.7 billion offer. But, PeopleSoft executives said the company remains opposed.
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The federal judge hearing the SCO Group's suit against IBM (NYSE: IBM) has denied IBM's motion for a partial summary judgment. If granted, the declaration likely would have ended the courtroom wrangle.
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The standoff between Oracle and PeopleSoft is once again at an impasse, as PeopleSoft&#39;s board refuses to sell the company at the price Oracle has offered, and Oracle refuses to raise its bid.
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Let the bidding begin! A federal judge Thursday rejected a government attempt to block Oracle&#39;s proposed takeover of rival PeopleSoft.
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Oracle Corp can celebrate a ruling by a US judge that it can take over archrival PeopleSoft Inc, but analysts say the world&#39;s second biggest software maker has a battery of other barriers to overcome before a deal is clinched.
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A federal judge Thursday rejected the federal government's request to block Oracle's  (ORCL) &#36;7.7 billion hostile takeover bid for software rival PeopleSoft (PSFT), removing a major hurdle to one of the biggest mergers in Silicon Valley history.
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A major battle is over, but the war for PeopleSoft (PSFT:Nasdaq - news - research) rages on. Executives of the business software giant continued to resist Oracle&#39;s (ORCL:Nasdaq - news - research) $9 billion
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After a ruling that crushed its arguments against Oracle's plan to acquire PeopleSoft, antitrust regulators call it a day.
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PeopleSoft Inc.&#39;s board of directors said Saturday it will not accept Oracle Corp.&#39;s bid to buy the company for $24 per share, even after 61 percent of the Pleasanton firm&#39;s investors endorsed the offer.
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The judge who must decide whether PeopleSoft Inc.'s corporate takeover defenses will stand up against a hostile takeover attempt by Oracle Corp. said Friday the latest revision of a key defense was "a lot closer" to meeting concerns raised about it in court.
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The Delaware judge overseeing the legal wrangling there between PeopleSoft (Profile, Products, Articles) and hostile suitor Oracle (Profile, Products, Articles) rejected on
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PeopleSoft Inc.'s board of directors rejected Oracle Corp.'s &#36;9.2 billion takeover bid Wednesday and vowed to continue its staunch resistance even if a majority of the business software maker's shareholders decide to accept the offer.
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WILMINGTON, Del. - A judge said Oracle Corp., which has spent 17 months trying to buy PeopleSoft Inc., must return to court with its rival for two days in December before he decides whether to invalidate PeopleSoft&#39;s anti-takeover defenses.