Judge Won't Block Oracle Takeover Bid
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A federal judge on Thursday rejected the government's attempt to block Oracle Corp.'s &#36;7.7 billion takeover bid for rival PeopleSoft Inc., concluding a combination between the business software makers wouldn't throttle competition in a narrow market niche.
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Oracle is one step closer to taking over rival PeopleSoft now that a federal judge has ruled against the federal government's effort to thwart the &#36;7.7 billion hostile bid over antitrust concerns, a decision that could spark a rash of tech-sector acquisition attempts.
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Australia's government says it will not block a proposed takeover of the country's flagship airline Qantas.
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Oracle yesterday extended its controversial bid for enterprise resource software provider PeopleSoft, while both companies await the final judge&#39;s ruling in the Department of Justice (DoJ) anti-competition case.
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Oracle (Quote, Chart) advanced its plans to acquire PeopleSoft Friday after the US Department of Justice said it would not appeal a ruling on an antitrust case that tried to block the merger.
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CNET is reporting that US District Judge Vaughn Walker in San Francisco has denied a request by the Antitrust Division of the federal Department of Justice to issue an injunction against Oracle&#39;s hostile acquisition of business software maker PeopleSoft
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WILMINGTON, Del. - Oracle Corp. Chief Executive Larry Ellison denied Friday that his company&#39;s $7.7 billion bid to buy PeopleSoft Inc.
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While a U.S. District Court continues to weigh the legality of  Oracle's (Nasdaq: ORCL) attempted takeover of  PeopleSoft (Nasdaq: PSFT), Oracle has taken the necessary steps to ensure the offer does not die on the vine with PeopleSoft's shareholders.
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A crucial legal ruling in Oracle's takeover bid for Peoplesoft is delayed after a judge says he needs to hear more evidence.
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Oracle is one step closer to taking over rival PeopleSoft now that a federal judge has ruled against the federal government&#39;s effort to thwart the $7.
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A federal judge recently denied Google's request for dismissal of American Airlines' suit.
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Oracle CEO Larry Ellison, testifying in a Delaware court as part of Oracle's efforts to get PeopleSoft to pull back anti-takeover measures, denied that his company is trying to kill off its smaller software rival.
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OCTOBER 01, 2004  - The US Department of Justice today said it would not appeal a US District Court decision to allow Oracle Corp.
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A Los Angeles judge on Tuesday refused to throw out a lawsuit against Unocal Corp. over human rights abuses during the building of a pipeline in Myanmar.
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But the company, which appeared on an Oracle takeover list, acknowledges that it can't stop someone from trying.
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The Delaware judge overseeing the legal wrangling there between PeopleSoft (Profile, Products, Articles) and hostile suitor Oracle (Profile, Products, Articles) rejected on
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Microsoft Corp. said Tuesday it has no plans to give up a legal challenge in South Korean court, one day after regulators rejected its appeal of an antitrust ruling against the company.