Oracle names proposed PeopleSoft board
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Oracle has named four candidates that it plans to nominate to the board of PeopleSoft, as it pushes forward with its efforts to try to take control of the rival company.
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PeopleSoft may be willing to be bought by Oracle after all--if the price is right. Steven Goldby, a PeopleSoft board member, testified Tuesday in the trial taking place in Delaware that a sale would be possible
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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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Oracle Corp. hopes to close its buyout of PeopleSoft Inc. within two weeks and have a new management organization in place for the combined companies sometime in January, Oracle co-president Charles Phillips said Tuesday.
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PLEASANTON, California The board of directors of PeopleSoft has rejected Oracle&#39;s $9.2 billion takeover bid, continuing its resistance a day after the company&#39;s own shareholders tendered more than 60 percent of stock to Oracle.
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Testimony from a PeopleSoft board member has indicated that the company had been thinking about removing deposed CEO Craig Conway for some time.
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InfoWorld - PeopleSoft's Board of Directors voted Wednesday to recommend that its stockholders reject Oracle's takeover offer of &#36;24 per share. Oracle CEO Larry Ellison quickly responded, saying the offer is final and that it is now up to PeopleSoft's shareholders to make a determination.
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Despite a clear-cut show of support among its shareholders to accept Oracle&#39;s hostile takeover bid, PeopleSoft&#39;s board is digging in for a fight.
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Software company Oracle Corp said on Wednesday it planned to nominate four candidates for election in 2005 to the board of its rival and takeover target PeopleSoft Inc.
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PeopleSoft's board of directors rejected Oracle's &#36;9.2 billion takeover bid Wednesday, thrusting the business software maker's fate in the hands of its shareholders.
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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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OAUG (Oracle Applications Users Group) president Patricia Dues said today that the organization is in the midst of plans to support PeopleSoft users and the PeopleSoft user group.
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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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Software company Oracle (ORCL) said Wednesday it plans to nominate four candidates for election in 2005 to the board of its rival and takeover target PeopleSoft (PSFT).
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Oracle has revealed the identities of the four people it will nominate to the board of PeopleSoft as it pushes ahead with its efforts to take control of the company.
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Oracle Corp. on Monday said it  asked Peoplesoft Inc.'s board of directors to rescind an  anti-takeover provision, two days after a majority of  PeopleSoft shareholders tendered their stock in favor of  Oracle's $9.2 billion hostile offer.
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PLEASANTON, Calif. PeopleSoft&#39;s board of directors said it srejected Oracle Corp.&#39;s nine-point-two (b) billion dollar takeover bid Saturday.