California employee pension fund tenders PeopleSoft shares to Oracle
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The California Employees' Retirement System voted Wednesday to tender its 1.5 million PeopleSoft shares to Oracle, giving the hostile suitor a boost in the final days of its takeover bid.
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Calpers joins group of big PeopleSoft investors backing a $9.2 billion Oracle buyout.
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Amid a new war of words, Calpers tendered 1.5 million shares Thursday in support of Oracle Corp.'s $24-a-share hostile takeover bid for PeopleSoft Inc. -The Washington Post
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Oracle Corp. said on Wednesday it has  taken control of PeopleSoft Inc., now that about 75 percent of  PeopleSoft's shareholders have tendered their shares.
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CHICAGO/SAN FRANCISCO  - Options traders have been  building bullish positions in PeopleSoft Inc.  PSFT.O as  investors bet a federal judge will approve Oracle Corp.'s  hostile takeover bid of the business software maker, traders  said on Monday.
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Options traders have been building bullish positions in PeopleSoft Inc.  (PSFT.O) as investors bet a federal judge will approve Oracle Corp.'s hostile takeover bid of the business software maker, traders said on Monday.
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The California Employees' Retirement System (Calpers) is tendering its 1.5 million PeopleSoft shares to Oracle, giving the hostile suitor a boost in the final days of its takeover bid.
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Governor Arnold Schwarzenegger supports converting the California Public Employees Retirement System, the nation's biggest pension fund, into a plan where employees bear the risk of directing their own investments.
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REDWOOD SHORES, Calif. -- Software giant Oracle Corp. said Wednesday that stockholders of rival PeopleSoft Inc. have tendered about 75 percent of the company&#39;s outstanding shares, granting Oracle control of the company.
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Oracle has taken official control of rival PeopleSoft following this week&#39;s decision by PeopleSoft shareholders to tender 75 percent of outstanding stock holdings to the US database and applications giant.
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NOVEMBER 19, 2004 (IDG NEWS SERVICE) - The California Employees&#39; Retirement System (Calpers) is tendering its 1.5 million PeopleSoft Inc.
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NEW YORK Oracle said on Wednesday that it had taken control of PeopleSoft, as holders of about 75 percent of the shares of the rival software maker had tendered their shares to Oracle.
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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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WALNUT CREEK, Calif. - Oracle Corp. executives, lobbying investors to support the company&#39;s $9.2 billion hostile takeover bid, came out swinging Monday against PeopleSoft Inc.
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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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Over the weekend, Oracle announced that approximately 60 percent of PeopleSoft&#39;s outstanding shares had been tendered to Oracle in that company&#39;s $9.2 billion takeover bid for PeopleSoft.
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Oracle has again extended its $7.7 billion cash offer for PeopleSoft by two weeks. Shareholders now have until Oct. 22 to tender their shares, Oracle said Thursday.