EC Approves Oracle Bid
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With a decision that surprised few who have followed the saga, the European Commission said today it has cleared the way for Oracle Corp.
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Oracle proclaimed a symbolic victory Saturday after 61 percent of PeopleSoft stockholders accepted its $9.2 billion takeover offer.
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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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The European Commission today cleared the way for Oracle Corp.&#39;s hostile takeover of PeopleSoft Inc. removing one of the deal&#39;s few remaining hurdles.
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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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Yesterday, the European Commission, the regulatory arm of the European Union, approved your proposed $7.7 billion takeover bid of business software maker PeopleSoft (Nasdaq: PSFT).
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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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It looks like only relatively minor administrative tasks stand between the two companies becoming one. By TechWeb News. The European Union has approved Oracle&#39;s takeover of PeopleSoft, bringing the deal closer to completion.
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PeopleSoft finally gave in yesterday and accepted a $10.3bn (Â£5.4bn) takeover proposal from its larger rival Oracle, ending a pursuit that has lasted 18 months and has been marked by bitter personal insults and a series of courtroom battles.
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The European Commission says it has approved a genetically-modified seed for planting.
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On 26 October 2004, the EC unconditionally approved Oracle&#39;s proposed $7.7 billion bid for PeopleSoft. PeopleSoft continues to resist Oracle&#39;s unsolicited bid.
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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 Tuesday.
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European Union antitrust regulators on Tuesday cleared Oracle Corp.'s hostile $7.7 billion bid for rival business software maker PeopleSoft Inc., removing one of the last major hurdles to the contested takeover proposal.
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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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Oracle is getting good at jumping legal hurdles. Tuesday the European Commission announced it won&#39;t block Oracle&#39;s proposed hostile takeover of PeopleSoft.
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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 merger of Spanish toll road operator Abertis with Italian counterpart Autostrade is approved by EU regulators.