PeopleSoft Open to Oracle Bid -Director
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A PeopleSoft Inc. PSFT.O board  member told a Delaware court on Tuesday that the software maker  would consider a bid from its rival Oracle Corp. ORCL.O  provided the price was right and a deal closed quickly.
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Two days after a PeopleSoft Inc. board member suggested the company may be willing to sell to Oracle Corp. for the right price, an Oracle director said his firm&#39;s offer to buy its Pleasanton rival for $21 per share may not be final.
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PeopleSoft said Thursday that it would begin meeting with investors to lobby for their rejection of Oracle&#39;s hostile $8.8 billion acquisition offer.
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REDWOOD SHORES, Calif. Oracle has announced plans to nominate four candidates for election to rival PeopleSoft&#39;s board of directors.
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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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There was a twist in Oracle&#39;s hostile takeover bid for PeopleSoft earlier this week when a PeopleSoft director testified in court that he would be open to discussions about a merger.
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No one can envy the position of PeopleSoft (Nasdaq: PSFT) executives as they enter their annual Connect user conference this week. Last year's show was dominated by speculation over Oracle's (Nasdaq: ORCL) hostile takeover bid for the company -- a prospect they hoped would be squelched by this year.
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Is PeopleSoft&#39;s founder and long-time chief executive back at the helm to accept Oracle&#39;s takeover bid, or to dig-in for a long-term battle?
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SAN FRANCISCO - While it has so far rejected each of Oracle Corp.'s takeover offers, PeopleSoft Inc.'s board of directors is willing to talk about a deal at the right price, a member of PeopleSoft's board said Tuesday.
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ORACLE chief executive Larry Ellison has increased his companyâs offer for rival software company PeopleSoft, and set a deadline for the first time since the hostile takeover bid began in June 2003.
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The PeopleSoft Inc. director who has been leading the defense of the software company&#39;s antitakeover measures said Tuesday the company&#39;s board is willing to talk about a deal with rival Oracle Corp.
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Following the departure of PeopleSoft Inc. chief executive officer Craig Conway, the software company may be looking with fresh interest at longtime suitor Oracle Corp.
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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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Oracle Corp. (ORCL.O: Quote, Profile, Research) on Monday raised its hostile takeover offer for rival software company PeopleSoft Inc.
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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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The board of PeopleSoft Inc. Wednesday rejected Oracle Corp.'s $24-a-share hostile takeover bid as too cheap, but said it was open to a deal at a higher price. -The Washington Post
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A PeopleSoft Inc. (PSFT.O: Quote, Profile, Research) board member told a Delaware court on Tuesday that the software maker would consider a bid from its rival Oracle Corp.