Oracle Bid Expected to Get Rival Support
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Investors continued to bet Friday that most PeopleSoft Inc. shareholders will back Oracle Corp.'s &#36;9.2 billion takeover bid for its bitter rival, further extending a bruising battle that already has dragged on for more than 17 months.
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The EU is expected to approve the merger between rivals Oracle (Nasdaq: ORCL) and PeopleSoft (Nasdaq: PSFT), according to sources close to the proceedings.
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Business software giant Oracle remained at odds Friday with BEA Systems over a potential takeover bid after the two rivals exchanged letters holding firm to their positions over the price for BEA.
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The European Union&#39;s competition commissioner, Mario Monti, is ready to allow Oracle to proceed with its $7.7 billion hostile takeover bid for its software rival PeopleSoft
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NOVEMBER 01, 2004  - The end may be in sight in the ongoing saga of Oracle Corp.&#39;s hostile takeover bid for embattled competitor PeopleSoft Inc.
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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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The European Commission has confirmed that it wants to reach a decision on Oracle Corp.&#39;s hostile bid for PeopleSoft Inc. before the end of October, prompting speculation that it will approve the merger.
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Software maker Oracle Corp.  ORCL.O on Wednesday said it will let PeopleSoft Inc. PSFT.O  shareholders decide for themselves whether to accept Oracle's  $8.8 billion hostile takeover bid after learning that  PeopleSoft's board of directors will reject it.
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Oracle won a key legal victory in its quest to buy PeopleSoft last week, but the grueling war for control of its software rival is far from over, industry analysts say.
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Despite a clear-cut show of support among its shareholders to accept Oracle&#39;s hostile takeover bid, PeopleSoft&#39;s board is digging in for a fight.
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Oracle Corp. CEO Larry Ellison reiterated his determination to prevail in a long-running takeover battle with rival business software maker PeopleSoft Inc., predicting the proposed deal will create a more competitive company with improved customer service.
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Takeover battle likely to drag on as Oracle faces other obstacles in merger quest.
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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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BRUSSELS The European Union&#39;s competition commissioner, Mario Monti, intends to approve Oracle&#39;s $8 billion hostile takeover bid for the rival American software company Peoplesoft, largely because EU lawyers doubt they could successfully defend a
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European Union regulators will decide Tuesday whether Oracle Corp.'s hostile &#36;7.7 billion bid for rival business software concern PeopleSoft Inc. can proceed, the EU's antitrust chief said Friday.
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Oracle Corp ORCL.O is likely to win  clearance from the European Commission for its hostile takeover  of rival software firm PeopleSoft Inc. PSFT.O, a source close  to the situation said on Friday.
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Oracle Corp.&#39;s $24-a-share hostile takeover bid for PeopleSoft Inc. heated up anew yesterday as tonight&#39;s deadline for stockholders to offer their shares for sale approached.