PeopleSoft case will be renewed
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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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Oracle Corp. notified Delaware's Court of Chancery of plans to drop a lawsuit pending there against PeopleSoft Inc. if PeopleSoft shareholders reject Oracle's tender offer. The notification is a sign that Oracle is serious about its current offer being the final one.
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Less than a month after a federal court ruled that Oracle could pursue its hostile takeover of PeopleSoft, and almost immediately after PeopleSoft on Friday fired Craig Conway, its chief executive, the skirmish between the two companies is shifting to a
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Shareholders of PeopleSoft Inc. are discussing the possibility of a new lawsuit over the company's resistance to takeover overtures from Oracle Corp., a shareholder lawyer said Monday.
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Oracle has extended its $21-per-share tender offer to PeopleSoft&#39;s shareholders, which was due to expire this week. The new deadline is September 10th.
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Craig Conway, the former chief executive of PeopleSoft Inc., will get at least &#36;3.2 million in severance, the company disclosed.
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After a three-month trial a US Federal Court judge has ruled that Oracle Corp.&#39;s hostile pursuit of bitter rival PeopleSoft Inc.
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PeopleSoft set the clock on Friday on what may be the final battle in a prolonged war with Oracle. The software firm plans to hold its annual shareholder meeting on March 25, when the firm&#39;s shareholders may
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Last night, database maker Oracle (Nasdaq: ORCL) once again extended its $7.7 billion offer for business software provider PeopleSoft (Nasdaq: PSFT).
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PeopleSoft Inc. will push ahead with a marketing alliance and other initiatives in the face of a court ruling that raises the chance that Oracle Corp.'s $7.7 billion hostile takeover bid could succeed, PeopleSoft's chief executive said yesterday.
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One year ago at PeopleSoft Inc.'s Connect user conference, Chief Executive Officer Craig Conway took the stage to assure several thousand PeopleSoft customers that Oracle Corp.'s then three-month-old bid for control of PeopleSoft had failed. When he stands before the crowd at this year's Connect gathering later this month, he'll have a harder time making the case that Oracle's lingering campaign isn't harming PeopleSoft.
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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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SAN FRANCISCO (CBS.MW) -- The starting date of PeopleSoft&#39;s billion dollar damages lawsuit against Oracle in a California state court has been pushed back to Jan. 10 from Nov. 1. Free!
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PeopleSoft Inc. will push ahead with a new marketing alliance and other initiatives in the face of a court ruling that raises the chance that Oracle Corp.'s &#36;7.7-billion hostile takeover bid could succeed, PeopleSoft's chief executive said on Tuesday.
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All eyes are on a Delaware Chancery Court judge now that Oracle&#39;s lawsuit against PeopleSoft closed Friday. The two-weeks&#39; worth of testimony centered on Oracle&#39;s request that PeopleSoft (Quote, Chart) remove its Customer Assurance Program (CAP).
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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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Oracle extended its offer to acquire PeopleSoft for $7.7 billion from today to Sept. 10 -- the 10th time is has made an extension since launching the takeover campaign in June 2003.