Judge Defers Decision in Oracle Takeover Bid
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The judge presiding over Oracle&#39;s lawsuit to remove PeopleSoft&#39;s defense against a hostile takeover said on Wednesday that he would not rule until he had received more information on the case.
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NEW YORK - While Oracle Corp. awaits a judge's decision on whether it can continue in its quest to acquire PeopleSoft Inc., the company faced a setback in an unrelated case. An appeals court on Wednesday ruled that a three-year-old shareholder lawsuit charging Oracle and several of its top executives with misleading investors about Oracle's performance may proceed, overturning a lower court's dismissal.
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Now that a judge has ruled against the federal government's effort to thwart Oracle's hostile bid for PeopleSoft over antitrust concerns, the tech sector could see a rash of acquisition attempts. -washingtonpost.com
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Oracle can pursue its 7.7 billion hostile takeover bid for rival business software maker PeopleSoft, a federal judge has ruled in a stunning setback for the US Justice Department.
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AN FRANCISCO, Sept. 10 - The federal court ruling issued Thursday that allows Oracle to proceed with its hostile bid to acquire PeopleSoft removes a major roadblock to the merger.
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A Delaware court has told the two sides in the trial over Oracle Corp.&#39;s bid to overturn PeopleSoft Inc.&#39;s antitakeover measure that they must return for more testimony next month, delaying a crucial ruling in the Redwood City giant&#39;s plan to take over
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SOFTWARE giant Oracle&#39;s stalled $7.7bn (Â£4.2bn) bid to take over competitor PeopleSoft has received a huge boost after a US judge threw out an anti-trust lawsuit filed by the Department of Justice to block the acquisition.
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The judge who will decide whether to block defenses by PeopleSoft against Oracle&#39;s $7.7 billion hostile tender offer, ended the two-week trial Friday by urging
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Oracle&#39;s proposed takeover of Peoplesoft has hit another barrier. A Delaware judge has delayed his final ruling over Peoplesoft&#39;s poison pill defence, saying that he needs to hear more evidence.
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Thursday&#39;s pro-Oracle Corp. decision on the US Department of Justice&#39;s attempt to block Oracle&#39;s proposed takeover of PeopleSoft Inc.
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A federal judge rejects the US government's bid to block software giant Oracle's hostile takeover of rival PeopleSoft.
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Oracle yesterday extended its controversial bid for enterprise resource software provider PeopleSoft, while both companies await the final judge&#39;s ruling in the Department of Justice (DoJ) anti-competition case.
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A federal judge Thursday rejected the federal government's request to block Oracle's  (ORCL) &#36;7.7 billion hostile takeover bid for software rival PeopleSoft (PSFT), removing a major hurdle to one of the biggest mergers in Silicon Valley history.
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Oracle Corp. was not the only beneficiary of a federal judge's ruling late Thursday that it could proceed with its &#36;7.7 billion hostile takeover bid for software rival PeopleSoft Inc. Yesterday, the stock prices of numerous software firms surged during widespread speculation that the antitrust ruling could spark a wave of consolidation in the industry.
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The Delaware Chancery Court judge who is hearing the PeopleSoft case issued a summary judgment that Oracle&#39;s chief executive and chairman did not engage in insider trading during 2001.
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NEW YORK, October 8  - Oracle Corporation (ORCL.NAS) is considering altering its takeover bid for the rival business software company, PeopleSoft, with discussions leaning towards a potential decline in the current offer of $7.
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The Delaware judge overseeing the legal wrangling there between PeopleSoft (Profile, Products, Articles) and hostile suitor Oracle (Profile, Products, Articles) rejected on