EU OKs Oracle&#39;s Bid for PeopleSoft
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The European Commission on Tuesday approved Oracle Corp.&#39;s (ORCL.O: Quote, Profile, Research) proposed $7.7 billion hostile takeover
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The European Commission has given the green light to the proposed Oracle acquisition of PeopleSoft, European Union Competition Commissioner Mario Monti said Tuesday.
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Oracle said clearance for the bid from the European Union, granted last week, prompted the move. Oracle hopes the higher price will persuade PeopleSoft to drop its remaining obstacles to the deal.
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European Union competition authorities are expected Tuesday to clear unconditionally US firm Oracle&#39;s hostile takeover of business software rival PeopleSoft, sources say.
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The European Commission is expected to approve Oracle&#39;s $7.7 billion acquisition of PeopleSoft on Tuesday, with no conditions attached, a person close to the case said Monday.
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In one of Competition Commissioner Mario Monti&#39;s final acts before he retires at the end of the week he has officially approved Oracle&#39;s hostile takeover of PeopleSoft.
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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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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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The European Commission today cleared the way for Oracle Corp.&#39;s hostile takeover of PeopleSoft Inc. removing one of the deal&#39;s few remaining hurdles.
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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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Oracle Corp. ORCL.O on Monday said  rival business software maker PeopleSoft Inc.'s PSFT.O board  has accepted a sweetened purchase offer of about $10.3 billion,  ending a long and bitter hostile takeover battle.
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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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Yesterday, the European Commission, the regulatory arm of the European Union, approved your proposed $7.7 billion takeover bid of business software maker PeopleSoft (Nasdaq: PSFT).
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BRUSSELS The European Union&#39;s competition commissioner, Mario Monti, intends to approve Oracle&#39;s $8 billion hostile takeover bid for the rival American software company Peoplesoft, largely because EU lawyers doubt they could successfully defend a
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Oracle Corp (ORCL.O: Quote, Profile, Research) is likely to win clearance from the European Commission for its hostile takeover of rival software firm PeopleSoft Inc.
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The European Union is set to approve Oracle&#39;s hostile $7.7bn takeover of enterprise apps vendor PeopleSoft, according to Reuters and the Financial Times , both of which cite unnamed sources.
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The European Union on Thursday set a new deadline of Nov. 9 to conclude its antitrust review of Oracle Corp.'s &#36;7.7 billion takeover bid for rival business software maker PeopleSoft Inc.