PeopleSoft Relents, Agrees to Oracle Bid
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Business software maker PeopleSoft  Inc. has accepted a sweetened $10.3 billion acquisition offer  from rival Oracle Corp., ending a bitter, 18-month hostile  takeover battle, the companies said on Monday.
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Oracle has won backing from slightly more than 60% of PeopleSoft Inc. shareholders in its $9.2 billion hostile takeover. Friday evening, the software maker announced that 228.7 million out of the roughly 376
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NOVEMBER 01, 2004 (IDG NEWS SERVICE) - Oracle Corp. extended what it called its &quot;best and final offer&quot; for rival PeopleSoft Inc.
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Oracle is offering US$21 per share or about US$7.7 billion for PeopleSoft, a leader in human resources management software and an applications rival of Oracle.
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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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Oracle Corp. finally scooped up bitter rival PeopleSoft Inc. after 18 months of legal and verbal strife, ending a nasty feud with a &#36;10.3 billion deal that promises to shake up the business software industry.
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PeopleSoft Inc. on Monday agreed to a  sweetened $10.3 billion buyout by rival software maker Oracle  Corp., relenting after a bitter, 18-month takeover saga marked  by personal insults, courtroom battles and the ouster of  PeopleSoft's chief executive.
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The European Union has approved Oracle&#39;s takeover of PeopleSoft, marking yet another turn in the bitter 17-month wrangle between the fierce business software rivals.
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Oracle Corp.&#39;s $9.2 billion takeover of rival PeopleSoft Inc. neared the finish line early Saturday morning when a majority of stockholders agreed to tender their PeopleSoft shares.
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U.S. stocks rallied on Monday after  software maker PeopleSoft Inc. PSFT.O accepted rival Oracle  Corp.'s ORCL.O $10.3 billion sweetened buyout offer and other  big deals fueled expectations for more takeovers.
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After 18 months of bickering, litigation, executive shuffling, antitrust rulings, and revised offers from Oracle, the PeopleSoft Board finally decided to accept Oracle&#39;s most recent offer of $26.50 per share.
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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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DECEMBER 13, 2004 (IDG NEWS SERVICE) - Oracle Corp. has signed a definitive agreement to acquire PeopleSoft Inc. for $26.50 per share, or about $10.3 billion, the companies said today, ending an acrimonious
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NEW YORK, Dec 13  - Following are key facts about Oracle, which is the number two global software company behind Microsoft, and PeopleSoft, a business software firm that agreed Monday to be bought after an 18-month battle.
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NOVEMBER 29, 2004  - Embattled ERP software vendor PeopleSoft Inc. last week refused to capitulate in its long-running battle with potential purchaser Oracle Corp.
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Ending 18 months of bad blood, Oracle raised its takeover bid for bitter rival PeopleSoft by 10 percent to seal a $10.3 billion deal that will create the world&#39;s second largest maker of business applications software.
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Oracle Corp CEO Larry Ellison won the backing of PeopleSoft Inc shareholders for his US$8.8 billion hostile takeover bid, taking him a step closer to clinching the deal after a 17-month fight.