Judge Defers Decision in Oracle Takeover Bid
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The judge presiding over Oracle&#39;s lawsuit to remove PeopleSoft&#39;s defense against a hostile takeover said on Wednesday that he would not rule until he had received more information on the case.
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With the future of its $7.7 billion takeover attempt of PeopleSoft Inc. resting in the hands of a federal judge, Oracle Corp. is once again extending its tender offer for investors to tender their shares.
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SAN FRANCISCO -- PeopleSoft Inc.'s board of directors rejected Oracle Corp.'s $9.2 billion takeover bid yesterday, thrusting the business software maker's fate into the hands of its shareholders.
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Ziff Davis - The long wait for a decision in the government's antitrust trial against Oracle has prompted the company to extend the deadline yet again for its &#36;7.7 billion attempted buyout of PeopleSoft.
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WALNUT CREEK, Calif. - PeopleSoft Inc. rebuffed Oracle Corp.&#39;s latest hostile takeover bid, vowing to fight the $9.2 billion offer even if a majority of shareholders supported it.
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The long-running battle in US courts between Oracle and the Department of Justice took a milestone step today as a US District Court Judge in San Francisco ruled that the takeover bid by Oracle for competitor PeopleSoft could continue.
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The judge who will decide whether to block defenses by PeopleSoft against Oracle's hostile offer urged both sides to agree on what issues remain in contention.
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Thursday&#39;s pro-Oracle Corp. decision on the US Department of Justice&#39;s attempt to block Oracle&#39;s proposed takeover of PeopleSoft Inc.
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A federal judge Thursday rejected the federal government's request to block Oracle's  (ORCL) &#36;7.7 billion hostile takeover bid for software rival PeopleSoft (PSFT), removing a major hurdle to one of the biggest mergers in Silicon Valley history.
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Oracle Corp. was not the only beneficiary of a federal judge's ruling late Thursday that it could proceed with its $7.7 billion hostile takeover bid for software rival PeopleSoft Inc. Yesterday, the stock prices of numerous software firms surged during widespread speculation that the antitrust ruling could spark a wave of consolidation in the industry.
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BRUSSELS, Belgium -- European Union regulators suggested Monday they are not bound by a US decision to allow Oracle Corp. to pursue its $7.
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Oracle has made a huge step towards victory in its hostile takeover bid for rival business software company PeopleSoft, as the US federal courts rejected the Department of Justice&#39;s attempt to block the takeover bid.
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The Delaware Chancery Court judge who is hearing the PeopleSoft case issued a summary judgment that Oracle&#39;s chief executive and chairman did not engage in insider trading during 2001.
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Let the bidding begin! A federal judge Thursday rejected a government attempt to block Oracle&#39;s proposed takeover of rival PeopleSoft.
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A federal judge on Thursday rejected the government's attempt to block Oracle Corp.'s &#36;7.7 billion takeover bid for rival PeopleSoft Inc., concluding a combination between the business software makers wouldn't throttle competition in a narrow market niche.
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Oracle Corp. CEO Larry Ellison testified yesterday that the business software maker is leaning toward lowering its $7.7 billion bid for rival PeopleSoft
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SAN FRANCISCO/WASHINGTON  - A U.S. federal judge  on Thursday gave Oracle Corp. a green light to proceed with its  hostile bid to take over rival business software maker  PeopleSoft Inc., rejecting the government's bid to block the  $7.7 billion deal.