Oracle tries to turn up heat in takeover bid of PeopleSoft
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SAN FRANCISCO Oracle is trying to turn up the pressure in its long-running takeover attempt of PeopleSoft. Yesterday two of Oracles top executives -- co-president Safra Catz and chief financial officer Harry
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WILMINGTON, Del. Oct. 5, 2004 - PeopleSoft Inc., which has resisted hostile takeover advances from Oracle Corp. for 16 months, is willing to talk about a deal at the right price, a member of PeopleSoft&#39;s board said Tuesday.
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After 18 months of playing hard to get, business software maker PeopleSoft (Nasdaq: PSFT) finally decided yesterday to glam itself up in the hope that suitor Oracle (Nasdaq: ORCL) might give it one more look.
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While it waits for a federal court to rule on its hostile bid for PeopleSoft, Oracle (Quote, Chart) is keeping the deal in play. The database giant extended its previously announced tender offer of $21 for
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Oracle has opened a new front in its 17-month battle to take over PeopleSoft, announcing a slate of nominees to challenge the rival software companyâs existing board of directors at its annual meeting next year.
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REDWOOD SHORES, CALIF. - Oracle Corp. has again raised the stakes in its long-running attempt to take over rival PeopleSoft Inc. On Monday, Oracle boosted its bid by another 14.
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As PeopleSoft Chief Executive Craig Conway tried to rally customer support Tuesday, even he had to admit that Oracle's &#36;7.7 billion hostile takeover bid is haunting his company.
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Oracle Corp. extended its hostile bid for PeopleSoft Inc. for the 12th time, pushing the tender offer through Oct. 8.
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Oracle Corp. raised its takeover offer for PeopleSoft Inc. by 14 percent to $8.8 billion, increasing the pressure on the smaller software company to give up its 17-month fight against the bid.
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In the final days before shareholders decide on Oracle&#39;s takeover bid for rival software maker PeopleSoft (PSFT), Oracle (ORCL) is scrambling for votes, and PeopleSoft is bracing for the worst.
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special coverage Assuming Oracle will win its antitrust suit, traders are scooping up PeopleSoft options.
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Oracle Corp. chief executive Lawrence Ellison said discussions within the company at this point are leaning toward lowering the &#36;21-a-share bid Oracle is offering for rival PeopleSoft Inc.
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SAN FRANCISCO -- Ending 18 months of hostility, Oracle Corp. has raised its takeover bid for rival PeopleSoft Inc. by 10 per cent to seal a $10.3-billion US deal that will create the world&#39;s second-largest maker of business applications software.
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Oracle says its latest bid to purchase PeopleSoft is its &quot;best and final offer.&quot; At $24 per share, Oracle&#39;s offer is higher than PeopleSoft&#39;s 24-week high.
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Oracle Corp.&#39;s takeover tug-of-war with rival business software maker PeopleSoft Inc. intensified Tuesday as two shareholders who own nearly 20 percent of PeopleSoft&#39;s stock indicated they are prepared to line up on opposite sides of the battle lines.
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With Oracle cinching a critical antitrust victory on Thursday, PeopleSoft will find it increasingly difficult to resist its rival&#39;s $7.
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NEW YORK/PHILADELPHIA: Oracle Corp yesterday raised its hostile takeover offer for rival software company PeopleSoft Inc by 14 per cent to $US8.