Judge rejects PeopleSoft class action settlement
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The Delaware judge overseeing the legal wrangling there between PeopleSoftÂ and hostile suitor OracleÂ rejected on Wednesday a settlement that PeopleSoft had arranged with a group of dissident shareholders.
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PeopleSoft Inc.'s board of directors said it rejected Oracle Corp.'s $9.2 billion takeover bid Saturday, continuing its staunch resistance a day after the company's own shareholders tendered more than 60 percent of stock to Oracle.
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A proposal to settle a lawsuit brought last year by shareholders of PeopleSoft Inc. failed to clear court Wednesday after a judge found it unfairly cut off their right to sue over the company&#39;s resistance to a takeover by Oracle Corp.
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PeopleSoft's board of directors today rejected Oracle's latest $24-per-share "best and final offer" for the company, leaving the outcome in the hands of PeopleSoft shareholders.
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A Nigerian judge rejects the inclusion of more cases in a $7bn Nigerian lawsuit against pharmaceutical giant Pfizer.
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SAN FRANCISCO -- PeopleSoft Inc.'s board of directors rejected Oracle Corp.'s $9.2 billion takeover bid yesterday, thrusting the business software maker's fate into the hands of its shareholders.
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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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A federal bankruptcy judge in New York yesterday denied Enron Corp.&#39;s request to block a lawsuit by a federal agency seeking to take control of the company&#39;s pension plans.
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A Dallas judge blocked the settlement of a shareholder lawsuit against Halliburton, saying the deal does not appear to be fair and reasonable.
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Senior executives at business software group PeopleSoft unanimously recommended that its shareholders reject a 8.8 billion dollar takeover bid from Oracle Corp, PeopleSoft said in a statement Wednesday.
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Let the bidding begin! A federal judge Thursday rejected a government attempt to block Oracle&#39;s proposed takeover of rival PeopleSoft.
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PLEASANTON, California - PeopleSoft Inc.&#39;s board yesterday rejected Oracle Corp.&#39;s $9.2 billion takeover bid, continuing its resistance after the company&#39;s own shareholders tendered more than 60 percent of their stock to Oracle.
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Oracle Corp. said Monday it will drop a lawsuit it filed in Delaware against PeopleSoft, its rival and takeover target, if a majority of PeopleSoft
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PeopleSoftÂs top shareholder, Capital Guardian Trust, has decided to support OracleÂs $8.8 billion hostile takeover, but the No. 2 holder, Private Capital Management, has decided against it.
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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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Oracle said today that it has learned that PeopleSoft will reject its $8.8bn, $24 a share, &quot;best and final&quot; cash tender offer.
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The Supreme Court on Tuesday rejected an appeal by Enron Corp investors seeking to proceed with a $40 billion class-action lawsuit against investment banks that put together financing deals for the energy trader, which collapsed in 2001.