Report: PeopleSoft prepares for proxy fight with Oracle
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UNDATED The Wall Street Journal reports PeopleSoft is getting ready for a proxy fight at its annual meeting next spring over the Oracle takeover bid.
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A great deal of speculation has surrounded Oracle's (Nasdaq: ORCL) 18-month attempt to acquire PeopleSoft (Nasdaq: PSFT).
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The PeopleSoft Inc. director who has been leading the defense of the software company&#39;s antitakeover measures said Tuesday the company&#39;s board is willing to talk about a deal with rival Oracle Corp.
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Despite the overwhelming number of shares tendered to Oracle, the target&#39;s board won&#39;t budge. Final stop: A proxy battle? Larry Ellison &amp; Co.
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European Union competition authorities are expected Tuesday to clear unconditionally US firm Oracle's hostile takeover of business software rival PeopleSoft, sources say.
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Sure, the PeopleSoft board told shareholders to just say no. This battle will go down to the wire, and even afterward Ellison could prevail.
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Oracle Corp. (ORCL.O: Quote, Profile, Research) said it would report preliminary results of its $8.8 billion hostile tender offer for PeopleSoft (PSFT.
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Oracle&#39;s (nasdaq: ORCL - news - people ) $10.3 billion blockbuster acquisition of PeopleSoft (nasdaq: PSFT - news - people ) is already yesterday&#39;s news.
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LOS ANGELES (CBS.MW) -- The bitter battle for control of PeopleSoft Inc. has taken a new turn, with Oracle Corp. declaring its intent to stage a proxy fight that would sweep away the board members standing in the way of its $9.2 billion hostile takeover.
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Oracle Corp.&#39;s epic quest to acquire PeopleSoft Inc. intensified Tuesday when the two warring companies said major institutional investors are taking sides in the battle.
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special coverage Assuming Oracle will win its antitrust suit, traders are scooping up PeopleSoft options.
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SEPTEMBER 20, 2004  - At PeopleSoft Inc.&#39;s Connect 2004 conference in San Francisco this week, the software vendor is expected to face questions from users about its ability to fend off Oracle Corp.
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The battle for who will ultimately control business software maker PeopleSoft (Nasdaq: PSFT) is reaching a fever pitch not seen since the red state-blue state smackdown from earlier this month.
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SAN FRANCISCO Business software maker PeopleSoft has scheduled its annual meeting for March 25th. That sets the date for a potentially decisive showdown in a fierce battle to fend off rival Oracle&#39;s hostile takeover attempt.
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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 &#36;7.7 billion offer if there's "high certainty" a deal can be done quickly, a company director said in court Tuesday.
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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.
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Oracle nominated four candidates to serve as directors of PeopleSoft&#39;s board and said it would fight for control of the company at its annual meeting next year.