PeopleSoft sets March date for pivotal showdown with Oracle
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SAN FRANCISCO Business software maker PeopleSoft has scheduled its annual meeting for March 25th. That sets the date for a potentially decisive showdown in a fierce battle to fend off rival Oracle&#39;s hostile takeover attempt.
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In the final days before shareholders decide on Oracle's takeover bid for rival software maker PeopleSoft,  PeopleSoft is bracing for the worst. Oracle officials say they won't know until shortly before a  Nov. 19 deadline if a majority of PeopleSoft shareholders support the &#36;8.8 billion offer.
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Unless a Delaware judge clears the way for Oracle Corp. to buy PeopleSoft Inc. in the next few weeks, the Pleasanton firm&#39;s shareholders will have the final say about their company&#39;s fate on March 25.
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For the past 18 months, Oracle has been locked in a battle to acquire rival PeopleSoft involving courtroom drama, poison pills, personal enmity and, recently, the departure of PeopleSoft&#39;s CEO Craig Conway.
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The battle between Oracle and PeopleSoft is again at an impasse, with the possibility of a proxy fight that could continue into next spring.
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PeopleSoft Inc. (PSFT.O: Quote, Profile, Research) , which is trying to fight off a hostile takeover by rival Oracle Corp. (ORCL.O: Quote, Profile, Research) , on Friday said its board
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The Friday midnight expiration for Oracle's tender offer to PeopleSoft's shareholders for control of the company will either end the software rivals' bitter, 17-month battle or increase its ferocity.
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PeopleSoft Inc. (PSFT) is gearing up for a proxy fight at its annual meeting next spring, a sign that its executives believe rival Oracle Corp.
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The European Commission has confirmed that it wants to reach a decision on Oracle Corp.&#39;s hostile bid for PeopleSoft Inc. before the end of October, prompting speculation that it will approve the merger.
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With its PeopleSoftÂ acquisition nearing completion, OracleÂ has pegged Jan. 18 as the launch date for its newly enlarged company, with a webcast planned for customers, partners and press.
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Following its latest rejection, the next stage in Oracle&#39;s battle to buy PeopleSoft is set to begin in a courtroom on Wednesday.
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A major battle is over, but the war for PeopleSoft (PSFT:Nasdaq - news - research) rages on. Executives of the business software giant continued to resist Oracle&#39;s (ORCL:Nasdaq - news - research) $9 billion
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The European Union is set to approve Oracle&#39;s hostile $7.7bn takeover of enterprise apps vendor PeopleSoft, according to Reuters and the Financial Times , both of which cite unnamed sources.
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By Spencer Swartz SAN FRANCISCO  - PeopleSoft Inc. will push ahead with a new marketing alliance with IBM and other initiatives despite a recent court ruling that bolstered Oracle Corp.'s $7.7-billion hostile bid to acquire the company, PeopleSoft's CEO said on Tuesday.
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Oracle may yet prevail, but not because its target is surrendering. Digging in for a long fight is more likely. When PeopleSoft&#39;s board of directors fired Chief Executive Craig Conway on Oct. 1, Wall Street
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PeopleSoft Inc. will kick off its Connect user show on Tuesday determined to focus attendees' attention on its progress in the past year and product plans for the coming one -- and away from the Jaws-like specter of Oracle Corp.
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Oracle Corp.&#39;s hostile bid to acquire rival enterprise software maker PeopleSoft Inc. for $7.7 billion is set to continue for a bit longer.