Oracle storms PeopleSoft defences
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WILMINGTON, Del.âOracle Corp. opened its legal attack on PeopleSoft Inc.&#39;s takeover defences yesterday with charges that ousted chief executive Craig Conway lied to Wall Street analysts about the effect
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Fresh off his abrupt firing as PeopleSoft Inc.'s chief executive, an uncharacteristically subdued Craig Conway came to court Wednesday to defend his caustic counterattacks against Oracle Corp.'s &#36;7.7 billion takeover bid.
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PeopleSoft's chief executive accused Oracle of spreading misleading information about his stock sales and threatened to sue for defamation.
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Business software maker  PeopleSoft Inc. on Saturday said its board again rejected  Oracle Corp.'s $9.2 billion tender offer, remaining defiant a  day after most of its shares were tendered to Oracle.
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As PeopleSoft Chief Executive Craig Conway tried to rally customer support Tuesday, even he had to admit that Oracle's &#36;7.7 billion hostile takeover bid is haunting his company.
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SEPTEMBER 20, 2004  - At PeopleSoft Inc.&#39;s Connect 2004 conference in San Francisco this week, the software vendor is expected to face questions from users about its ability to fend off Oracle Corp.
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A great deal of speculation has surrounded Oracle's (Nasdaq: ORCL) 18-month attempt to acquire PeopleSoft (Nasdaq: PSFT).
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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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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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The battle for who will ultimately control business software maker PeopleSoft (Nasdaq: PSFT) is reaching a fever pitch not seen since the red state-blue state smackdown from earlier this month.
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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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The trial pitting software giant Oracle Corp. (ORCL.O: Quote, Profile, Research) against unwilling takeover target PeopleSoft Inc.
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PeopleSoft Inc. (PSFT.O: Quote, Profile, Research) on Wednesday said its board had again unanimously rejected Oracle Corp.&#39;s (ORCL.
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Peoplesoft, the software company under siege from a hostile $7.7bn (Â£4.3bn) bid by its larger rival Oracle, yesterday sacked its chief executive, Craig Conway, increasing
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SAN FRANCISCO/NEW YORK  - Oracle Corp.'s ORCL.O  hostile bid for rival PeopleSoft Corp.PSFT.O was strengthened  on Friday as U.S. antitrust regulators dropped their case  against the merger and PeopleSoft fired its chief executive,  Craig Conway, who had led the fight against Oracle.
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PeopleSoft's board might have finally blinked. The business-software maker, facing a 16-month takeover siege from rival Oracle, has canned the CEO who bitterly opposed the deal and lost crucial regulatory support in its bid to stay independent.
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Oracle increased its takeover bid for rival software company PeopleSoft yesterday, probably the final roll of the dice in what has been an acrimonious battle.