Oracle to PeopleSoft: &#39;Best and Final Offer&#39;
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UPDATED: Oracle (Quote, Chart) has upped its offer for PeopleSoft (Quote, Chart) to $24 per share, in what it called its final bid for the elusive enterprise applications company it has been trying to acquire since June 2003.
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SAN FRANCISCO, Dec. 13 -- Software maker PeopleSoft Inc. announced Monday that it had agreed to be acquired by Oracle Corp. in a &#36;10.3 billion deal, ending one of the longest and nastiest takeover battles in recent corporate history.
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SAN FRANCISCO - Oracle Corp. finally scooped up rival PeopleSoft Inc. after 18 months of legal and verbal strife, ending a feud with a $10.3 billion deal that promises to shake up the business software industry.
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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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WILMINGTON, Del. Oct. 5, 2004 - PeopleSoft Inc., which has resisted hostile takeover advances from Oracle Corp. for 16 months, is willing to talk about a deal at the right price, a member of PeopleSoft&#39;s board said Tuesday.
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Oracle Corp. has completed its acquisition of rival business software maker PeopleSoft Inc., bringing a formal end to a tumultuous takeover saga.
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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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Oracle Corp.&#39;s 18-month struggle to gain control of PeopleSoft Inc. drew to a close this morning when PeopleSoft&#39;s board agreed to a new $10.3 billion takeover offer.
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That was the message sent by Oracle Corp. on Monday as the company made a &quot;best and final&quot; offer to take over PeopleSoft Inc.
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The Oracle-PeopleSoft takeover battle may have finally entered its endgame, with Oracle Corp upping its bid and for the first time imposing a deadline for PeopleSoft Inc shareholders to accept it.
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The chief financial officer of Oracle, Harry L. You, said that $24 a share remained the company's "best and final'' offer for PeopleSoft Inc. in what may be the last week of a 17-month hostile takeover fight.
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After 16 months of bloody warfare, PeopleSoft has finally voiced a willingness to sit down and discuss a deal with Oracleâa development that marks the beginning of the end for the company, according to some legal experts.
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The long-running battle for control of business software company PeopleSoft looks to have finally been concluded in rival Oracle&#39;s favour.
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Peoplesoft agrees a $10.3bn takeover bid from rival business software firm Oracle, after an 18-month corporate battle.
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An end to the 17-month takeover squabble between software giant Oracle (ORCL ) and rival PeopleSoft (PSFT ) may not be in sight even though, in what Chairman Jeffrey O. Henley called a &quot;best and final&quot; offer, Oracle on Nov.
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Oracle has signed an agreement to acquire PeopleSoft for about $10.3 billion, the companies said this morning.
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An end to the takeover squabble between Oracle and PeopleSoft may not be in sight even though, in what it called a &quot;best and final&quot; offer, Oracle upped its unsolicited bid by 14 percent, to $24 per share.