EU set to clear Oracle-PeopleSoft takeover
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European Union competition authorities are expected Tuesday to clear unconditionally US firm Oracle's hostile takeover of business software rival PeopleSoft, sources say.
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The European Commission on Tuesday cleared Oracle's hostile &#36;7.7 billion bid for rival business-software maker PeopleSoft, lowering the last antitrust hurdle to the contested deal. "There is an absence of sufficient evidence of competitive harm," regulators said in a statement.
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The European Commission has confirmed that it wants to reach a decision on Oracle Corp.&#39;s hostile bid for PeopleSoft Inc. before the end of October, prompting speculation that it will approve the merger.
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With a decision that surprised few who have followed the saga, the European Commission said today it has cleared the way for Oracle Corp.
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Oracle Corp. will win unconditional European Union approval for its $7.7 billion bid for PeopleSoft Inc., ending the longest-ever merger review by EU antitrust regulators, according to people familiar with the situation.
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Oracle Corp. ORCL.O said on Thursday  it expects to close its purchase of rival software maker  PeopleSoft Inc. PSFT.O on Friday.
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European Union antitrust regulators cleared Oracle Corp.&#39;s hostile $7.7 billion bid for rival business software maker PeopleSoft Inc.
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The European Commission gives US software giant Oracle the green light for its takeover of US rival Peoplesoft.
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It looks as though the European Commission is getting ready to permit  Oracle's (Nasdaq: ORCL) US&#36;7.7 billion hostile takeover bid of PeopleSoft (Nasdaq: PSFT). The ruling, which has been  widely anticipated after a similar consideration in the United States also  paved the way for Oracle's takeover, is expected to be handed down before the  end of October.
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European Union antitrust regulators have cleared Oracle Corp&#39;s hostile $US7.7 billion ($A10.31 billion) bid for rival business software maker PeopleSoft Inc, removing one of the last major hurdles to the contested merger.
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The European Commission is set to clear the $7.7 billion hostile takeover bid by Oracle for rival software group PeopleSoft in a move that is likely to pave the way for the creation of a new US software giant.
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The European commission yesterday approved Oracle Corp&#39;s proposed $7.7bn hostile takeover of rival software company PeopleSoft, clearing the last competition hurdle to the deal.
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STRASBOURG: The European Commission on Tuesday approved Oracle Corp.&#39;s proposed $7.7 billion hostile takeover of rival business software company PeopleSoft Inc.
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BRUSSELS -- The European Commission has restarted its investigation into Oracle Corp.'s hostile bid to acquire PeopleSoft Inc. and will issue its judgement by early November at the latest, it said on Thursday.
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The European Commission approved US software company Oracle&#39;s 7.7 billion-dollar takeover bid for its American rival in the business software market Peoplesoft on Tuesday.
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Oracle has taken official control of rival PeopleSoft following this week&#39;s decision by PeopleSoft shareholders to tender 75 percent of outstanding stock holdings to the US database and applications giant.
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BRUSSELS - European Union regulators will decide before November whether to clear Google Inc.'s $3.1 billion takeover bid for online ad tracker DoubleClick or study the issue further.