Oracle Says Takes Control of PeopleSoft
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Oracle Corp. said on Wednesday it has taken control of PeopleSoft Inc., now that about 75 percent of shareholders of the rival software maker have tendered their shares.
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The Oracle Corporation has taken control of PeopleSoft, making Oracle the world's second-largest maker of business-management software.
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PeopleSoft Inc. PSFT.O on  Monday agreed to a sweetened $10.3 billion buyout by rival  software maker Oracle Corp. ORCL.O, relenting after a  18-month takeover saga marked by personal insults, courtroom  battles and the ouster of PeopleSoft's chief executive.
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NEW YORK - Oracle announced early Saturday morning that more than 60% of PeopleSoft investors had tendered their shares to the company, letting Oracle continue its fight in the takeover battle for PeopleSoft, a battle that has lasted 17 months to date.
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Washington, Nov. 20 : After a bitter 18-month battle, Oracle has succeeded in taking control of more than 60 per cent of outstanding shares of rival business software group PeopleSoft, but obstacles to the hostile takeover remain.
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DECEMBER 15, 2004  - For the first time since closing a deal to purchase rival PeopleSoft Inc. for $13.3 billion, Oracle Corp.
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Oracle Corp. has completed its acquisition of rival business software maker PeopleSoft Inc., bringing a formal end to a tumultuous takeover saga.
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Oracle Corp. finally scooped up rival PeopleSoft Inc. after 18 months of legal and verbal strife, ending a nasty feud with a $10.3 billion deal that promises to shake up the business software industry.
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PeopleSoft Inc. on Monday agreed  to a sweetened $10.3 billion buyout by rival software maker  Oracle Corp., relenting after a 18-month takeover saga marked  by personal insults, courtroom battles and the ouster of  PeopleSoft's chief executive.
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Oracle finally clinched its bid to scoop up PeopleSoft on Monday, saying it had agreed to purchase the rival business software group for $26.50 a share or $10.3bn.
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Yesterday, Oracle said 75 percent of PeopleSoft shareholders tendered their shares. That officially puts Oracle in charge, moving it closer to closing the contentious $10.3 billion deal.
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PeopleSoft Inc. , which is trying to fight off a hostile takeover by rival Oracle Corp. , on Friday said its board had ousted President and Chief Executive Craig Conway due to "a loss of confidence" in his ability to lead the software company.
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Oracle Corp.  has replaced PeopleSoft Inc.'s  co-presidents, after taking control of the rival software maker earlier this week, according to a regulatory filing.
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PeopleSoft Inc. (PSFT.O: Quote, Profile, Research) on Monday agreed to a sweetened $10.3 billion buyout by rival software maker Oracle Corp.
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December 30, 2004 - One day after PeopleSoft Chief Executive Dave Duffield resigned, Oracle announced that it has taken control of its rival, as 75 percent of PeopleSoft shareholders have tendered their shares.
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NEW YORK: PeopleSoft Inc., which is trying to fight off a hostile takeover by rival Oracle Corp., on Friday said its board had ousted President and Chief Executive Craig Conway due to &quot;a loss of confidence&quot; in his ability to lead the software company.
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PeopleSoft Inc. on Monday agreed to a  sweetened $10.3 billion buyout by rival software maker Oracle  Corp., relenting after a bitter, 18-month takeover saga marked  by personal insults, courtroom battles and the ouster of  PeopleSoft's chief executive.