Europe Expected to Agree to Deal for PeopleSoft
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The European Commission is expected to approve Oracle&#39;s $7.7 billion acquisition of PeopleSoft on Tuesday, with no conditions attached, a person close to the case said Monday.
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PeopleSoft's board is willing to talk about a deal if the price is right.
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AMSTERDAM, Netherlands  - European Union regulators will decide Tuesday whether Oracle Corp.'s hostile bid for PeopleSoft Inc. can go ahead, ruling on the proposed takeover two-weeks ahead of schedule, the EU's antitrust chief said.
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A European Union court is set to rule this week on a &#36;120 billion deal MCI-WorldCom made during the height of the go-go years that still resonates today.
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The European commission yesterday approved Oracle Corp&#39;s proposed $7.7bn hostile takeover of rival software company PeopleSoft, clearing the last competition hurdle to the deal.
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The European Union is close to announcing a deal in its on-going battle with Coca-Cola in an anti-trust case. Sources close to talks between the two sides have been quoted in todayâs press saying that the
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Peoplesoft agrees a $10.3bn takeover bid from rival business software firm Oracle, after an 18-month corporate battle.
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The European Commission approved US software company Oracle&#39;s 7.7 billion-dollar takeover bid for its American rival in the business software market Peoplesoft on Tuesday.
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On 26 October 2004, the EC unconditionally approved Oracle&#39;s proposed $7.7 billion bid for PeopleSoft. PeopleSoft continues to resist Oracle&#39;s unsolicited bid.
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European Commission is set to announce whether it will block the database giant's hostile takeover bid for PeopleSoft.
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PeopleSoft said it would review a ruling by the European Union that gave Oracle&#39;s hostile takeover bid the green light and stood by its position that the offer undervalues the company.
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As expected, the European Commission announced Tuesday it has ruled that Oracle Corp. can proceed with its hostile acquisition attempt of PeopleSoft Inc.
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The European Commission on Tuesday approved Oracle Corp.'s  proposed &#36;7.7 billion hostile takeover of rival business software company PeopleSoft Inc. , clearing the last antitrust hurdle to the deal.
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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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European Union competition authorities are expected Tuesday to clear unconditionally US firm Oracle&#39;s hostile takeover of business software rival PeopleSoft, sources say.
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Oracle Corp. will win unconditional European Union approval for its $7.7 billion bid for PeopleSoft Inc., ending the longest-ever merger review by EU antitrust regulators, according to people familiar with the situation.
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BRUSSELS  - Outgoing EU competition commissioner Mario Monti wants to reach a decision on Oracle`s proposed takeover of business software rival PeopleSoft by the end of next month, an official said.