Oracle/PeopleSoft case may continue
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Judge may order more testimony over PeopleSoft&#39;s use of poison pills to thwart an Oracle takeover. WILMINGTON, Del.,  - The Delaware judge presiding over Oracle Corp.
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Says certain documents, which Oracle and others want to keep from eyes of rivals, may be necessary to decide case.
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PeopleSoft Inc. will push ahead with a new marketing alliance with IBM and other initiatives despite a recent court ruling that bolstered Oracle Corp.
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Oracle Corp. was not the only beneficiary of a federal judge's ruling late Thursday that it could proceed with its $7.7 billion hostile takeover bid for software rival PeopleSoft Inc. Yesterday, the stock prices of numerous software firms surged during widespread speculation that the antitrust ruling could spark a wave of consolidation in the industry.
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Oracle extended its $7.7 billion tender offer for all outstanding shares of PeopleSoft yet again on Thursday, as it waits for US District Court Judge Vaughn Walker to issue a decision in an antitrust lawsuit that aims to permanently block the buyout.
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Â Oracle Corp.'s hostile bid to acquire rival enterprise software maker PeopleSoft Inc. for $7.7 billion is set to continue for a bit longer.
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Takeover battle likely to drag on as Oracle faces other obstacles in merger quest.
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A Delaware court has told the two sides in the trial over Oracle Corp.&#39;s bid to overturn PeopleSoft Inc.&#39;s antitakeover measure that they must return for more testimony next month, delaying a crucial ruling in the Redwood City giant&#39;s plan to take over
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European Union regulators will decide Tuesday whether Oracle Corp.'s hostile $7.7 billion bid for rival business software concern PeopleSoft Inc. can proceed, the EU's antitrust chief said Friday.
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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.
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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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Oracle Corp. won permission yesterday from a federal judge to proceed with its $7.7 billion hostile bid for PeopleSoft Inc. , reviving a battle that PeopleSoft said drove customers to competitors.
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EUROPEAN Union regulators will decide on Tuesday whether Oracle&#39;s hostile $US7.7 billion ($10.4 billion) bid for rival PeopleSoft can proceed, the EU&#39;s antitrust chief said.
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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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The Wall Street rumor mill is working overtime, spinning off speculation about how soon a decision will be announced in the US government lawsuit aimed at blocking Oracle&#39;s (ORCL:Nasdaq - news - research) proposed takeover of PeopleSoft (PSFT:Nasdaq
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While Oracle Corp. awaits a judge&#39;s decision on whether it can continue in its quest to acquire PeopleSoft Inc., the company faced a setback in an unrelated case.
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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.