Exec Says Oracle Lowering PeopleSoft Bid
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Oracle Corp.'s hostile $7.7 billion bid for rival software maker PeopleSoft Inc. could drop by one-third to one-fourth, Oracle co-president Safra Catz said Monday.
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PeopleSoft Inc.&#39;s board of directors urged company shareholders on Wednesday to reject Oracle Corp.&#39;s bid of $24 per share for the Pleasanton firm, casting more uncertainty on the 17-month takeover battle.
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Oracle Corp. on Monday again  asked PeopleSoft Inc.'s board of directors to rescind an  anti-takeover provision, as the two business software makers  prepared to return to court this week to address one of the  final barriers to the $9.2-billion takeover bid.
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ORACLE IS considering dropping its hostile $7.7 billion bid for rival software maker PeopleSoft by one-third to one-fourth. Oracle co-president Safra Catz said that having seen PeopleSoft&#39;s 2004 performance
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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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Oracle may lower its tender offer for PeopleSoft by as much as a third, a top company executive said on Monday during courtroom testimony.
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Oracle Corp. on Monday again asked PeopleSoft Inc.'s board of directors to rescind an anti-takeover provision, as the two business software makers prepared to return to court this week to address one of the final barriers to the &#36;9.2-billion takeover bid.
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Oracle Corp. said it was prepared to walk away from its bid for rival business software maker PeopleSoft, saying it had learned that its &quot;final&quot; offer was on the verge of being rejected.
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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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The directors of software firm Peoplesoft reject a fifth takeover offer from rival Oracle, decribing the $8.8bn bid as inadequate.
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A PeopleSoft Inc. (PSFT.O: Quote, Profile, Research) board member told a Delaware court on Tuesday that the software maker would consider a bid from its rival Oracle Corp.
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A PeopleSoft Inc. PSFT.O board  member told a Delaware court on Tuesday that the software maker  would consider a bid from its rival Oracle Corp. ORCL.O  provided the price was right and a deal closed quickly.
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Oracle Corp.  will cut 5,000 jobs as it combines with PeopleSoft Inc., the business software rival it acquired for &#36;10.3 billion after a bitterly fought takeover battle, the company said on Friday.
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One year ago at PeopleSoft Inc.'s Connect user conference, Chief Executive Officer Craig Conway took the stage to assure several thousand PeopleSoft customers that Oracle Corp.'s then three-month-old bid for control of PeopleSoft had failed. When he stands before the crowd at this year's Connect gathering later this month, he'll have a harder time making the case that Oracle's lingering campaign isn't harming PeopleSoft.
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NEW YORK - Soon after an Oracle Corp. director said Oracle's current $21 per share offer for control of PeopleSoft Inc. may not be its final bid, Oracle Chief Executive Officer (CEO) Larry Ellison countered that the company is as likely to lower its bid as to raise it.
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PeopleSoft Inc.'s board is prepared to drop its ferocious resistance to Oracle Corp.'s hostile takeover bid and negotiate a price above the current &#36;7.7 billion offer if there's "high certainty" a deal can be done quickly, a company director said in court Tuesday.
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Senior executives at business software group PeopleSoft have once again spurned a takeover bid from Oracle Corp, even after the latter announced it had control of more than 60 percent of PeopleSoft's shares.