Oracle advances in PeopleSoft takeover fight
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REDWOOD CITY, Calif. -- Oracle Corp. moved closer to victory in its $8.8 billion hostile takeover bid for PeopleSoft Inc.
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Oracle (Quote, Chart) advanced its plans to acquire PeopleSoft Friday after the US Department of Justice said it would not appeal a ruling on an antitrust case that tried to block the merger.
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Oracle may be breathing fire down its neck with an ongoing hostile takeover effort, but PeopleSoft is trying to withstand the siege and stay independent.
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PeopleSoft Inc. will push ahead  with a new marketing alliance and other initiatives in the face  of a court ruling that raises the chance that Oracle Corp.'s  $7.7-billion hostile takeover bid could succeed, PeopleSoft's  chief executive said on Tuesday.
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Software giant Oracle has finally taken control of rival PeopleSoft after an 18-month takeover battle. Wednesday, Oracle said that 75% of PeopleSoft shareholders have tendered their shares.
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WALNUT CREEK, Calif. - PeopleSoft Inc. rebuffed Oracle Corp.&#39;s latest hostile takeover bid, vowing to fight the $9.2 billion offer even if a majority of shareholders supported it.
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Oracle is one step closer to taking over rival PeopleSoft now that a federal judge has ruled against the federal government's effort to thwart the &#36;7.7 billion hostile bid over antitrust concerns, a decision that could spark a rash of tech-sector acquisition attempts.
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Oracle has opened a new front in its 17-month battle to take over PeopleSoft, announcing a slate of nominees to challenge the rival software companyâs existing board of directors at its annual meeting next year.
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Oracle Corp. raised its takeover offer for PeopleSoft Inc. by 14 percent to $8.8 billion, increasing the pressure on the smaller software company to give up its 17-month fight against the bid.
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The success of Oracle Corp&#39;s (ORCL.O: Quote, Profile, Research) $8.8 billion hostile takeover bid for rival software maker PeopleSoft Inc.
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Washington, Nov. 20 : After a bitter 18-month battle, Oracle has succeeded in taking control of more than 60 per cent of outstanding shares of rival business software group PeopleSoft, but obstacles to the hostile takeover remain.
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European antitrust regulators ruled Tuesday that Oracle can proceed with its hostile takeover bid for PeopleSoft, clearing the last regulatory hurdle in the protracted and sometimes tumultuous battle.
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At the 11th hour for Oracle&#39;s latest tender offer for PeopleSoft, the battle between companies continues to escalate. PeopleSoft founder and Chief Executive David Duffield on Thursday accused Oracle of issuing
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Oracle Corp. has extended its $7.7 billion hostile takeover bid for Pleasanton&#39;s PeopleSoft Inc. until Sept. 10. Redwood City-based Oracle&#39;s previous offer would have expired at 9 pm Friday.
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Oracle Corp.&#39;s $24-a-share hostile takeover bid for PeopleSoft Inc. heated up anew yesterday as tonight&#39;s deadline for stockholders to offer their shares for sale approached.
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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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Despite a clear-cut show of support among its shareholders to accept Oracle&#39;s hostile takeover bid, PeopleSoft&#39;s board is digging in for a fight.