Europe Clears Oracle Bid
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The European Commission has no objection to Oracle&#39;s takeover bid for PeopleSoft. That decision, coming after Oracle&#39;s antitrust victory in the US, means that Oracle faces no more regulatory impediments to its proposed takeover.
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Oracle Corp. will win unconditional European Union approval for its $7.7 billion bid for PeopleSoft Inc., ending the longest-ever merger review by EU antitrust regulators, according to people familiar with the situation.
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Oracle Corp. won European Union approval for its hostile $7.7 billion takeover offer for PeopleSoft Inc., removing the last regulatory hurdle to the bid.
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The EU is expected to approve the merger between rivals Oracle (Nasdaq: ORCL) and PeopleSoft (Nasdaq: PSFT), according to sources close to the proceedings.
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The European Commission has given the green light to the proposed Oracle acquisition of PeopleSoft, European Union Competition commissioner Mario Monti said.
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BRUSSELS -- The European Commission has confirmed that it wants to reach a decision on Oracle Corp.âs hostile bid for PeopleSoft Inc. before the end of October, prompting speculation that it will approve the merger.
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The European Commission gives US software giant Oracle the green light for its takeover of US rival Peoplesoft.
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European Union regulators will decide Tuesday whether Oracle Corp.'s hostile &#36;7.7 billion bid for rival business software concern PeopleSoft Inc. can proceed, the EU's antitrust chief said Friday.
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The European Commission is expected to approve Oracle&#39;s $7.7 billion acquisition of PeopleSoft on Tuesday, with no conditions attached, a person close to the case said Monday.
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European antitrust regulators ruled Tuesday that Oracle can proceed with its hostile takeover bid for PeopleSoft, clearing the last regulatory hurdle in the protracted and sometimes tumultuous battle.
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Standard &amp; Poor&#39;s Equity Research maintained a &quot;hold&quot; rating on PeopleSoft (nasdaq: PSFT - news - people ), saying the European Commission&#39;s approval of the takeover by Oracle (nasdaq: ORCL - news - people ) removes that last regulatory hurdle to the
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European Union competition authorities are expected Tuesday to clear unconditionally US firm Oracle&#39;s hostile takeover of business software rival PeopleSoft, sources say.
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The European Union Commission on Thursday cleared Mexico's Cemex SA De CV's acquisition of RMC Group PLC.
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European Union regulators will decide Tuesday whether Oracle Corp.'s hostile $7.7 billion bid for rival business software concern PeopleSoft Inc. can proceed, the EU's antitrust chief said Friday.
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The European Commission has lifted the last anti-trust barrier to Oracle&#39;s proposed takeover of PeopleSoft, clearing the way for a possible proxy fight next year for control of the software company.
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The European Commission is expected today to approve US-based enterprise software firm Oracle&#39;s hostile take-over of rival PeopleSoft.
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Oracle has officially taken control of PeopleSoft Inc. after purchasing the 75% of PeopleSoft stock tendered by the application vendor&#39;s shareholders, Oracle disclosed early Wednesday.