Oracle May Drop Its PeopleSoft Bid Lower
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Oracle Corp.'s hostile &#36;7.7 billion bid for rival software maker PeopleSoft Inc. could drop by one-third to one-fourth, Oracle co-president Safra Catz said Monday.
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Software maker Oracle Corp.  on Wednesday said it will let PeopleSoft Inc.  shareholders decide for themselves whether to accept Oracle's &#36;8.8 billion hostile takeover bid after learning that PeopleSoft's board of directors will reject it.
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Letter says PeopleSoft should avoid court or proxy fight and allow sale to take place. NEW YORK (CNN/Money) - Oracle Corp. called on the board of PeopleSoft to surrender and accept its $24 a share offer Monday
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Oracle said today that it has learned that PeopleSoft will reject its $8.8bn, $24 a share, &quot;best and final&quot; cash tender offer.
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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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Oracle Corp.  Chief Executive Larry Ellison said on Friday his company has talked about revising its current &#36;21-per-share offer to buy rival PeopleSoft Inc. , although it has focused more on lowering the bid instead of raising it.
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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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Oracle Corp., the world&#39;s second-largest software firm, made what it called its last and best offer for rival PeopleSoft Inc. on Monday in a takeover battle that has now raged for almost a year and a half.
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Oracle's attempt to buy rival software producer Peoplesoft hangs in the balance as investors consider its $9.2bn takeover offer ahead of Saturday's deadline.
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A PeopleSoft Inc. (PSFT.O: Quote, Profile, Research) board member told a Delaware court on Tuesday that the software maker would consider a bid from its rival Oracle Corp.
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Although Oracle still faces obstacles in its $7.7 billion hostile takeover bid, analysts said yesterday's court rejection of the U.S. Department of Justice's attempt to block the deal on antitrust grounds is a blow for PeopleSoft.
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Oracle again extended its tender offer for PeopleSoft to Friday, Sept. 10 at midnight, Eastern Standard Time. Oracle is offering $21 per share or about $7.
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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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PeopleSoft Inc.'s board is prepared to drop its ferocious resistance to Oracle Corp.'s hostile takeover bid and negotiate a price above the current $7.7 billion offer if there's ''high certainty&quot; a deal can be done quickly, a company director said in court yesterday.
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Oracle is working on an alternative pricing model for its newly acquired PeopleSoft products, which could mean lower prices for PeopleSoft users.
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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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Oracle Corp. said Monday it will drop a lawsuit it filed in Delaware against PeopleSoft, its rival and takeover target, if a majority of PeopleSoft