Talks Could Again Boost Oracle&#39;s PeopleSoft Bid
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Wells Fargo Securities raised the target price on PeopleSoft (nasdaq: PSFT - news - people ) to $26, following Oracle&#39;s increased bid of $24 per share for the enterprise software company.
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PeopleSoft shareholders have rejected Oracle&#39;s &quot;final&quot; offer for the company, but could Oracle make a comeback? The board is hoping it can hold off its rival for just a few more innings.
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Last night, database maker Oracle (Nasdaq: ORCL) once again extended its $7.7 billion offer for business software provider PeopleSoft (Nasdaq: PSFT).
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Business software maker  Oracle  Corp. ORCL.O said on Thursday it extended again its $7.7  billion hostile tender offer for PeopleSoft Inc. PSFT.O, to  Sept. 10, as it awaits a U.S. District Court judge's ruling on  whether the takeover attempt can move forward.
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A PeopleSoft Inc.  board member told a Delaware court on Tuesday that the software maker would consider a bid from its rival Oracle Corp.  provided the price was right and a deal closed quickly.
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The business software maker hopes to prod rival Oracle into raising its current bid by $1.5 billion.
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Oracle Corp.&#39;s hostile bid to acquire rival enterprise software maker PeopleSoft Inc. for $7.7 billion is set to continue for a bit longer.
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While it has so far rejected each of Oracle&#39;s takeover offers, PeopleSoft&#39;s board of directors is willing to talk about a deal at the right price, a member of PeopleSoft&#39;s board said on October 5. On the stand
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Oracle yesterday raised its hostile takeover offer for rival software company PeopleSoft by 14%, to $8.8bn (Â£4.37bn), and for the first time set a deadline for acceptance of the bid.
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The door is open for Oracle to win its bid for PeopleSoft, and for midmarket ERP vendors to increase their business. By Elena Malykhina.
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Oracle raised its hostile bid for rival business software maker PeopleSoft by 14 percent yesterday, aiming to bring a resolution to the long-running takeover battle between the foes.
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US stocks were set for a higher open on Monday, helped by news business software maker Oracle Corp. (ORCL.O: Quote, Profile, Research) struck a deal to buy rival PeopleSoft
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A group of PeopleSoft shareholders has asked that a Delaware judge order the company&#39;s board to negotiate with rival software maker Oracle, which is trying to acquire PeopleSoft for $8.
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Business software maker PeopleSoft Inc. strengthened its ties with technology giant IBM Corp. on Tuesday, hoping to boost its recently sagging sales as it continues to fight Oracle Corp.'s &#36;7.7 billion hostile takeover bid.
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Oracle Corp.  on Thursday said it is in merger talks with other technology companies as it pursues its &#36;9.2 billion hostile takeover bid for rival software maker PeopleSoft Inc. .
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Oracle increased its takeover bid for rival software company PeopleSoft yesterday, probably the final roll of the dice in what has been an acrimonious battle.
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Investors bet that now that PeopleSoft has fired Conway, the way is paved for a friendly deal. That was how most Wall Street analysts summed up Oracle&#39;s chances of finally acquiring rival software maker PeopleSoft