PeopleSoft, Oracle at `Impasse,&#39; Setting Stage for Proxy Battle
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Oracle Corp. said it is at an impasse with PeopleSoft Inc., signaling the two software makers will wage a proxy battle to resolve Oracle&#39;s $8.8 billion takeover bid.
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Unless a Delaware judge clears the way for Oracle Corp. to buy PeopleSoft Inc. in the next few weeks, the Pleasanton firm&#39;s shareholders will have the final say about their company&#39;s fate on March 25.
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The battle between Oracle and PeopleSoft is again at an impasse, with the possibility of a proxy fight that could continue into next spring.
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Oracle increased its takeover bid for rival software company PeopleSoft yesterday, probably the final roll of the dice in what has been an acrimonious battle.
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NEW YORK  - Software giant Oracle Corp.&#39;s shares dipped while the stock of its rival, PeopleSoft, rose ahead of a court battle this week over PeopleSoft&#39;s resistance to Oracle&#39;s 18-month-old takeover bid.
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update In the latest twist in the hostilities between Oracle and PeopleSoft, Wall Street&#39;s footsoldiers are massing for battle.
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At PeopleSoft Inc.'s Connect 2004 conference in San Francisco next week, the software vendor is expected to face questions from users about its ability to fend off Oracle Corp.'s hostile takeover bid and remain independent.
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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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NOVEMBER 29, 2004  - Embattled ERP software vendor PeopleSoft Inc. last week refused to capitulate in its long-running battle with potential purchaser Oracle Corp.
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SAN FRANCISCO -- PeopleSoft Inc. is trying to create a party-like atmosphere at its annual customer conference, but this week's gathering may feel more like a wake with rival Oracle Corp.'s $7.7 billion takeover bid looming larger than ever.
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The board of software vendor PeopleSoft has advised shareholders to reject Oracle&#39;s takeover bid for a fifth time, pushing the long-running saga closer towards a proxy battle next Spring.
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Software maker PeopleSoft is girding itself for a proxy battle as part of its 17-month takeover battle with Oracle, indicating it fears its shareholders are tempted to sell to its rival.
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Shareholders of PeopleSoft Inc. are discussing the possibility of a new lawsuit over the company's resistance to takeover overtures from Oracle Corp., a shareholder lawyer said Monday.
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Oracle Corp. ORCL.O is in  merger talks with other technology companies as it awaits the  outcome of its $9.2 billion hostile takeover bid for rival  software maker PeopleSoft Inc. PSFT.O.
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A group of PeopleSoft shareholders has asked that a Delaware judge order the company&#39;s board to negotiate with rival software maker Oracle, which is trying to acquire PeopleSoft for $8.
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If you think Oracle&#39;s (ORCL:Nasdaq - news - research) 18-month fight to buy PeopleSoft (PSFT:Nasdaq - news - research) was tough, wait until you see the struggle to make it work.
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Peoplesoft Inc does not believe Oracle Corp will back away if shareholders refuse what Oracle has stated is its last and best offer, and it is taking steps to engage in a proxy war next spring if need be.