Oracle in charge at PeopleSoft
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: Oracle Corp said on Wednesday it has taken control of PeopleSoft Inc, now that about 75 per cent of shareholders of the rival software maker have tendered their shares.
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As the specter of an Oracle Corp. takeover hovers overhead, PeopleSoft Inc. is doing what it can to solidify its user base and help enterprises better manage its products.
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NEW YORK - Oracle announced early Saturday morning that more than 60% of PeopleSoft investors had tendered their shares to the company, letting Oracle continue its fight in the takeover battle for PeopleSoft, a battle that has lasted 17 months to date.
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Washington, Nov. 20 : After a bitter 18-month battle, Oracle has succeeded in taking control of more than 60 per cent of outstanding shares of rival business software group PeopleSoft, but obstacles to the hostile takeover remain.
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The news that Oracle has formerly taken control of PeopleSoft and that David Duffield has resigned as PeopleSoft&#39;s CEO comes as no surprise.
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Software giant Oracle has finally taken control of rival PeopleSoft after an 18-month takeover battle. Wednesday, Oracle said that 75% of PeopleSoft shareholders have tendered their shares.
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Oracle Corp. said on Wednesday it has taken control of PeopleSoft Inc., now that about 75 percent of shareholders of the rival software maker have tendered their shares.
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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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Oracle is offering US$21 per share or about US$7.7 billion for PeopleSoft, a leader in human resources management software and an applications rival of Oracle.
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PeopleSoft's firing of its president and chief executive increased the likelihood that the company would be taken over by the Oracle Corporation.
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Oracle Corp. ORCL.O said on  Wednesday it has taken control of PeopleSoft Inc. PSFT.O, now  that about 75 percent of shareholders of the rival software  maker have tendered their shares.
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Oracle has put forth a list of four directors it will try and have nominated to PeopleSoft&#39;s board, as part of its ongoing bid to acquire the software maker.
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The Oracle Corporation has taken control of PeopleSoft, making Oracle the world's second-largest maker of business-management software.
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SAN FRANCISCO/NEW YORK: Oracle said on Wednesday it has taken control of PeopleSoft, now that about 75% of shareholders of the rival software maker have tendered their shares.
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PeopleSoft (PSFT) CEO Craig Conway isn&#39;t about to go down without a fight in his company&#39;s takeover tussle with rival Oracle (ORCL).
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Oracle Corp. (ORCL.O: Quote, Profile, Research) has replaced PeopleSoft Inc.&#39;s (PSFT.O: Quote, Profile, Research) co-presidents, after taking control of the rival software maker earlier this week, according to a regulatory filing.
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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.