PeopleSoft board prepares for worst
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In the final days before shareholders decide on Oracle's takeover bid for rival software maker PeopleSoft,  PeopleSoft is bracing for the worst. Oracle officials say they won't know until shortly before a  Nov. 19 deadline if a majority of PeopleSoft shareholders support the &#36;8.8 billion offer.
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PeopleSoft's CEO fires back at rival, saying it's wrong about his stock transactions. Both companies scramble ahead of Friday deadline.
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PeopleSoft Inc. said Friday it had fired CEO Craig Conway, raising the possibility that the company, which until now has fought fiercely for its independence, will succumb to Oracle Corp.
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SAN FRANCISCO (CBS.MW) -- PeopleSoft&#39;s board could be the target of another shareholder lawsuit over the anti-takeover measures it adopted to fend off a hostile bid from rival Oracle, according to a lawyer representing a group of PeopleSoft shareholders.
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Lazard was readying itself for a tense board meeting to decide the future of the company yesterday as in-fighting put a planned flotation at risk.
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PeopleSoft Inc. PSFT.O, which is  trying to fight off a hostile takeover by rival Oracle Corp.  ORCL.O, on Friday said its board had ousted President and  Chief Executive Craig Conway due to "a loss of confidence" in  his ability to lead the software company.
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Oracle Corp.&#39;s takeover tug-of-war with rival business software maker PeopleSoft Inc. intensified Tuesday as two shareholders who own nearly 20 percent of PeopleSoft&#39;s stock indicated they are prepared to line up on opposite sides of the battle lines.
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PeopleSoft's board rejects Oracle one last time. Or does it?
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The ouster of Craig Conway and the return of Dave Duffield could be a prelude to PeopleSoft accepting Oracle's offer.
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To probably no one&#39;s surprise, the PeopleSoft board again has rejected Oracle&#39;s $9.2 billion bid for the company as insufficient.
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Oracle has opened a new front in its 17-month battle to take over rival software company PeopleSoft, announcing a slate of nominees to challenge the existing board of directors at its annual meeting next year.
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PeopleSoft today said its board had ousted President and CEO Craig Conway due to "a loss of confidence" in his ability to lead the software company.
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Oracle has revealed the identities of the four people it will nominate to the board of PeopleSoft as it pushes ahead with its efforts to take control of the company.
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Defining the word unsurprising, PeopleSoft&#39;s board of directors unanimously rejected Oracle&#39;s &quot;best and final&quot; $24 per share offer for the company.
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NEW YORK: PeopleSoft yesterday sacked Chief Executive and president Craig Conway, citing a loss of confidence, and the software company&#39;s shares jumped on expectations that the move could pave the way for a deal with hostile bidder Oracle.
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SAN FRANCISCO -- PeopleSoft Inc.'s board of directors rejected Oracle Corp.'s $9.2 billion takeover bid yesterday, thrusting the business software maker's fate into the hands of its shareholders.
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PeopleSoft Inc.&#39;s board of directors urged company shareholders on Wednesday to reject Oracle Corp.&#39;s bid of $24 per share for the Pleasanton firm, casting more uncertainty on the 17-month takeover battle.