Regulators Clear Oracle Bid for PeopleSoft
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European Union antitrust regulators cleared Oracle Corp.'s hostile &#36;7.7 billion bid for rival business software maker PeopleSoft Inc. on Tuesday, removing one of the last major hurdles in the contested takeover fight.
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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 18-month takeover saga that  included the ouster of PeopleSoft's chief executive.
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Business software group Oracle Corp. announced that it had taken control of rival PeopleSoft by grabbing 75 percent of its stock, ending a rancorous 18-month struggle.
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The European Commission is set to clear the $7.7 billion hostile takeover bid by Oracle for rival software group PeopleSoft in a move that is likely to pave the way for the creation of a new US software giant.
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NEW YORK, September 10 (New Ratings) - Oracle Corp (ORCL.NAS) won the antitrust suit yesterday for its hostile takeover bid for rival PeopleSoft Inc (PSFT), the world&#39;s second largest provider of enterprise application software.
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Oracle Corp. early Wednesday declared that it had won control of PeopleSoft Inc. after stockholders tendered about 75 percent of the outstanding shares of the Pleasanton, Calif.
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Oracle Corp., the world&#39;s second-largest software firm, made what it called its last and best offer for rival PeopleSoft Inc. on Monday in a takeover battle that has now raged for almost a year and a half.
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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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â¢ 2004-11-22 â¢ Oracle has won a key victory in its battle to acquire PeopleSoft, with PeopleSoft&#39;s investors agreeing to sell Oracle 60 per cent of PeopleSoft&#39;s outstanding shares.
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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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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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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 has won a round in its battle to take over rival PeopleSoft, as a Federal Court judge ruled that the acquisition does not violate antitrust regulations.
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That was the message sent by Oracle Corp. on Monday as the company made a &quot;best and final&quot; offer to take over PeopleSoft Inc.
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Oracle sealed a deal to buy rival business software firm PeopleSoft for 10.3 billion dollars after a bitter 18-month battle, the two firms announced.
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OracleÂ has taken over control of PeopleSoftÂ by buying 75 percent of the PeopleSoft's outstanding shares from its stockholders, Oracle announced Wednesday.
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PeopleSoft Inc. has agreed to a sweetened US$10.3 billion buyout by rival software maker Oracle Corp., relenting after a 18-month takeover saga marked by personal insults, courtroom battles and the ouster of PeopleSoft&#39;s chief executive.