Oracle plots PeopleSoft board takeover
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Oracle has put forth a list of four directors it will try and have nominated to PeopleSoft&#39;s board, as part of its ongoing bid to acquire the software maker.
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The business software maker hopes to prod rival Oracle into raising its current bid by $1.5 billion.
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LONDON -- As Oracle Corp. pushes forward with its hostile bid to acquire rival enterprise software maker PeopleSoft Inc. for $7.7 billion, it is also sizing up further acquisition options, according to Oracle President, Charles Phillips.
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As Oracle Corp. pushes forward with its hostile bid to acquire rival enterprise software maker PeopleSoft Inc. for $7.7 billion, it is also sizing up further acquisition
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Software giant Oracle has finally taken control of rival PeopleSoft after an 18-month takeover battle. Wednesday, Oracle said that 75% of PeopleSoft shareholders have tendered their shares.
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BRUSSELS  - Outgoing EU competition commissioner Mario Monti wants to reach a decision on Oracle`s proposed takeover of business software rival PeopleSoft by the end of next month, an official said.
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Oracle Corp. goes to trial Monday on its legal bid to dismantle the dwindling takeover defenses of PeopleSoft Inc., the rival it has been attempting to acquire for 15 months.
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Peoplesoft nominates its four current directors to retain their seats on the company board as it bids to see off a takeover by Oracle.
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Peoplesoft nominates its four current directors for seats on the company board as it bids to thwart a takeover by Oracle.
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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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Unless a Delaware judge clears the way for Oracle Corp. to buy PeopleSoft Inc. in the next few weeks, the Pleasanton firm&#39;s shareholders will have the final say about their company&#39;s fate on March 25.
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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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Oracle nominated four candidates to serve as directors of PeopleSoft&#39;s board and said it would fight for control of the company at its annual meeting next year.
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With PeopleSoft stocksholders reportedly tendering some 60 percent of the company&#39;s shares, Oracle is pressing forward with its proposed hostile takeover.
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Oracle Corp. (ORCL.O: Quote, Profile, Research) on Monday raised its hostile takeover offer for rival software company PeopleSoft Inc.
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LOS ANGELES (CBS.MW) -- The bitter battle for control of PeopleSoft Inc. has taken a new turn, with Oracle Corp. declaring its intent to stage a proxy fight that would sweep away the board members standing in the way of its $9.2 billion hostile takeover.
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SAN FRANCISCO Oracle Corporation appears destined to complete its long-sought takeover of rival PeopleSoft. To fight the takeover, PeopleSoft will have to become more profitable and prove it&#39;s worth more than