PeopleSoft, Oracle square off in Delaware court
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LOS ANGELES (CBS.MW) -- Oracle Corp.&#39;s hostile $9.2 billion offer to acquire PeopleSoft Inc. moves to a Delaware courtroom on Wednesday.
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Shareholders of PeopleSoft Inc. are discussing the possibility of a new lawsuit over the company's resistance to takeover overtures from Oracle Corp., a shareholder lawyer said Monday.
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LOS ANGELES (CBS.MW) -- A Delaware judge rejected the proposed settlement of a lawsuit brought against PeopleSoft Inc. by shareholders over the company&#39;s resistance to Oracle Corp.
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PEOPLESOFT IS considering a bid from its rival Oracle now that its CEO, who opposed the deal, is out of the way. Peoplesoft director Steven Goldby told a Delaware court on Tuesday that the software maker would
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WALNUT CREEK, Calif. - Oracle Corp. executives, lobbying investors to support the company&#39;s $9.2 billion hostile takeover bid, came out swinging Monday against PeopleSoft Inc.
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NEW YORK - The judge presiding over the U.S. Department of Justice's (DOJ) attempt to block Oracle Corp.'s proposed takeover of rival software maker PeopleSoft Inc. ruled in Oracle's favor on Thursday, removing one obstacle preventing the hostile acquisition.
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A federal judge has postponed his decision on PeopleSoft&#39;s last hostile takeover defense against Oracle until next month. Delaware Chancery Court Judge Leo Strine said he would need more information from both
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Oracle Corp.'s takeover tug-of-war with rival business software maker PeopleSoft Inc. intensified Tuesday as two shareholders who own nearly 20 percent of PeopleSoft's stock indicated they are prepared to line up on opposite sides of the battle lines.
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All eyes are on a Delaware Chancery Court judge now that Oracle&#39;s lawsuit against PeopleSoft closed Friday. The two-weeks&#39; worth of testimony centered on Oracle&#39;s request that PeopleSoft (Quote, Chart) remove its Customer Assurance Program (CAP).
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The takeover fight moves to Delaware's Court of Chancery, even as PeopleSoft dismisses its CEO.
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Oracle Corp. prevailed Thursday in an antitrust lawsuit filed by the Justice Department attempting to block the Redwood Shores company&#39;s $7.
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WILMINGTON, Del.  - The trial pitting software  giant Oracle Corp. ORCL.O against unwilling takeover target  PeopleSoft Inc. PSFT.O ended on Friday with a Delaware  judge's comment that recent developments seemed to have drawn  the bitter rivals closer together.
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Oracle declined to comment on Conway&#39;s removal by PeopleSoft. But in a statement, chairman Jeff Henley said: &quot;We are now looking forward to the trial in Delaware of our claims
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What Oracle CEO Larry Ellison has longed to hear from PeopleSoft behind closed doors instead floated to the surface in a Delaware courthouse.
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The second and final week of a Delaware court trial relating to Oracle Corp.'s hostile takeover bid for PeopleSoft Inc. turned into an extended negotiating session between the two sides. Oracle executives criticized PeopleSoft's business in an apparent attempt to drive down PeopleSoft's selling price, while PeopleSoft rewrote for the sixth time the controversial "customer assurance program" (CAP) that could significantly increase Oracle's acquisition costs.ADVERTISEMENTSBC Case Study: Crate & BarrelWhat sold them on improving their network? A system that could cut management costs from the get-go. Find out more.
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PeopleSoft Inc.&#39;s board voted on Oct. 11 to change its controversial customer protection program to help it pass muster in a Delaware court battle with would-be acquirer, Oracle Corp.
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The long-running battle in US courts between Oracle and the Department of Justice took a milestone step today as a US District Court Judge in San Francisco ruled that the takeover bid by Oracle for competitor PeopleSoft could continue.