Oracle victorious in quest for PeopleSoft
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It&#39;s finally over. Business-software maker PeopleSoft (PSFT) agreed to be acquired by rival Oracle (ORCL) for $10.3 billion Monday, ending 18
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European Union antitrust regulators cleared Oracle Corp.&#39;s hostile $7.7 billion bid for rival business software maker PeopleSoft Inc.
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Business software maker Oracle Corp. (ORCL.O: Quote, Profile, Research) on Wednesday said it has taken control of rival PeopleSoft Inc.
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The European Commission approved Oracle&#39;s proposed $7.7 billion hostile takeover of rival software company PeopleSoft on Tuesday, knocking down the last competition hurdle to the deal.
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Oracle Corp. Chief Executive Officer Larry Ellison won PeopleSoft Inc. investors&#39; backing for his $8.8 billion bid to buy the software maker, a victory that brings him a step closer to winning the 17-month hostile takeover fight.
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After a bitter 18-month battle Oracle Corp has taken control of more than 60 percent of outstanding shares of rival business software group PeopleSoft.
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European Union antitrust regulators on Tuesday cleared Oracle Corp.'s hostile $7.7 billion bid for rival business software maker PeopleSoft Inc., removing one of the last major hurdles to the contested takeover proposal.
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Oracle Corp. announced on Wednesday the end of an 18-month fight for the takeover of software maker PeopleSoft as 75% of the competitorâs shareholders have agreed to tender their shares to Oracle.
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REDWOOD SHORES, Calif. -- Software giant Oracle Corp. said Wednesday that stockholders of rival PeopleSoft Inc. have tendered about 75 percent of the company&#39;s outstanding shares, granting Oracle control of the company.
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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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PeopleSoft Inc. capitulated to Oracle Corp., accepting a sweetened $10.3 billion takeover offer to end an 18-month battle that pitted PeopleSoft against its investors and led to the ouster of its chief executive.
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European Union antitrust regulators cleared Oracle Corp.'s hostile &#36;7.7 billion bid for rival business software maker PeopleSoft Inc. on Tuesday, removing one of the last major hurdles in the contested takeover fight.
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SAN FRANCISCO -- Bolstered by investors, Oracle Corp. appears destined to complete its long-sought takeover of PeopleSoft Inc. unless its rival becomes more profitable and proves it's worth more than the $9.2 billion bid currently on the table.
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Oracle Corp. early Wednesday declared that it had won control of PeopleSoft Inc. after stockholders tendered about 75 percent of the outstanding shares of the Pleasanton, Calif.
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NEW YORK, September 10 (New Ratings) - Oracle Corp (ORCL.NAS) won the antitrust suit yesterday for its hostile takeover bid for rival PeopleSoft Inc (PSFT), the world&#39;s second largest provider of enterprise application software.
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PeopleSoft&#39;s board of directors has approved a takeover deal from Oracle worth around $10.3 billion, ending a bitter takeover attemptthat started more than a year ago and creating a major software maker.
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Oracle Corp. won permission yesterday from a federal judge to proceed with its $7.7 billion hostile bid for PeopleSoft Inc. , reviving a battle that PeopleSoft said drove customers to competitors.