PeopleSoft revises severance package plan
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Software maker PeopleSoft Inc. of Pleasanton has modified the cash severance benefits and paid health benefits for terminated employees, according to documents filed with the Securities and Exchange Commission.
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PeopleSoft's ousted CEO walks away with a severance package in excess of $16 million.
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Oracle Corp. on Monday again  asked PeopleSoft Inc.'s board of directors to rescind an  anti-takeover provision, as the two business software makers  prepared to return to court this week to address one of the  final barriers to the $9.2-billion takeover bid.
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PeopleSoft's firing of its president and chief executive increased the likelihood that the company would be taken over by the Oracle Corporation.
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Oracle Corp. on Monday said it asked Peoplesoft Inc.&#39;s board of directors to rescind an anti-takeover provision, two days after a majority of PeopleSoft shareholders tendered their
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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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Oracle Relevant Products/Services from Oracle, backed by what the company views as a favorable response from PeopleSoft Latest News about PeopleSoft stockholders, is applying more pressure in an effort to complete its proposed US$9.2 billion hostile
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PeopleSoft unveiled a new incentive program on Wednesday offering customers free upgrade assistance and a credit toward new purchases, an initiative the company hopes will spark sales and encourage customers to move to its latest releases.
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Merck &amp; Co. Inc. has adopted a severance benefits plan aimed at protecting key managers in the event the company is taken over -- a growing possibility since the withdrawal of arthritis drug Vioxx sent shares tumbling.
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Two new severance plans will set severance in case Microsoft's unsolicited takeover bid succeeds.
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October 06, 2004 - The opening of a trial related to Oracle&#39;s takeover bid of PeopleSoft featured the revelation that CEO Craig Conway was fired last week for making misleading statements about PeopleSoft&#39;s sales.
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Last week's firing of Craig Conway as PeopleSoft's CEO, followed by testimony from a PeopleSoft director this week that he would be open to discussions with Oracle if the price was right, appears to have changed the dynamics between the two companies.
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PeopleSoft Inc.'s board is prepared to drop its ferocious resistance to Oracle Corp.'s hostile takeover bid and negotiate a price above the current $7.7 billion offer if there's ''high certainty&quot; a deal can be done quickly, a company director said in court yesterday.
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WILMINGTON, Del.  - Oracle Corp. ORCL.O Chief  Executive Larry Ellison said on Friday his company has talked  about revising its current $21-per-share offer to buy rival  PeopleSoft Inc. PSFT.O, although it has focused more on  lowering the bid instead of raising it.
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PeopleSoft Inc. said Tuesday it is extending a money-back guarantee program that it says is designed to protect customers in the event of a takeover by its rival software maker Oracle Corp.
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NEW YORK - Merck &amp; Co. Inc. has adopted a severance benefits plan aimed at protecting key managers in the event the company is taken over - a growing possibility since the withdrawal of arthritis drug Vioxx sent shares tumbling.
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Company has revised its financial forecasts for the current quarter.