EU clears Oracle bid for PeopleSoft
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EUROPEAN antitrust regulators have cleared Oracle to pursue its hostile $US7.7 billion bid to buy PeopleSoft, but the legal breakthrough wasn&#39;t expected to end the stalemate between the bitter business software rivals.
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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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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 Commission has confirmed that it wants to reach a decision on Oracle Corp.âs hostile bid for PeopleSoft Inc. before the end of October, prompting speculation that it will approve the merger.
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LONDON, September 24  - The European Commission has expressed its intention to reach a final decision on Oracle Corporation&#39;s (ORCL.
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Oracle Corp ORCL.O is likely to win  clearance from the European Commission for its hostile takeover  of rival software firm PeopleSoft Inc. PSFT.O, a source close  to the situation said on Friday.
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Oracle chalked up a key victory Friday in its battle to acquire PeopleSoft, with investors agreeing to sell the suitor 60 percent of PeopleSoft&#39;s outstanding shares.
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BRUSSELS -- The European Commission has restarted its investigation into Oracle Corp.'s hostile bid to acquire PeopleSoft Inc. and will issue its judgement by early November at the latest, it said on Thursday.
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The European Commission is expected today to approve US-based enterprise software firm Oracle&#39;s hostile take-over of rival PeopleSoft.
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The European Commission, executive arm of the European Union, on Wednesday cleared acquisition of Britain&#39;s sixth largest bank Abbey National by Spain&#39;s largest bank Banco Santander Central Hispano.
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Oracle Corp.  on Monday said rival business software maker PeopleSoft Inc.'s  board has accepted a sweetened purchase offer of about &#36;10.3 billion, ending a long and bitter hostile takeover battle.
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Business software maker PeopleSoft  Inc. has accepted a sweetened $10.3 billion acquisition offer  from rival Oracle Corp., ending a bitter, 18-month hostile  takeover battle, the companies said on Monday.
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PeopleSoft Inc. capitulated to Oracle Corp., accepting a sweetened $10.3 billion offer to end an 18- month battle that pitted PeopleSoft against its shareholders and led to the ouster of its chief executive.
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Oracle Corp is likely to win clearance from the European Commission for its hostile &#36;7.7 billion takeover of rival software firm PeopleSoft Inc., a source close to the situation said on Friday.
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The European Commission on Tuesday cleared Oracle&#39;s (ORCL) hostile $7.7 billion bid for rival business-software maker PeopleSoft (PSFT), lowering the last antitrust hurdle to the contested deal.
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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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The European Commission has given the green light to the proposed Oracle acquisition of PeopleSoft, European Union Competition Commissioner Mario Monti said Tuesday.