EU OKs Oracle&#39;s Bid for PeopleSoft
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The European Commission on Tuesday approved Oracle Corp.&#39;s (ORCL.O: Quote, Profile, Research) proposed $7.7 billion hostile takeover
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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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SAN FRANCISCO, Dec. 13 -- Software maker PeopleSoft Inc. announced Monday that it had agreed to be acquired by Oracle Corp. in a &#36;10.3 billion deal, ending one of the longest and nastiest takeover battles in recent corporate history.
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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 Commission approved Oracle&#39;s proposed $7.7 billion hostile takeover of rival software company PeopleSoft on Tuesday, knocking down the last competition hurdle to the deal.
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AMSTERDAM, Netherlands  - European Union regulators will decide Tuesday whether Oracle Corp.'s hostile bid for PeopleSoft Inc. can go ahead, ruling on the proposed takeover two-weeks ahead of schedule, the EU's antitrust chief said.
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As expected, the European Commission announced Tuesday it has ruled that Oracle Corp. can proceed with its hostile acquisition attempt of PeopleSoft Inc.
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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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The European Commission said it had approved unconditionally US business software firm Oracle's hostile takeover of rival PeopleSoft.
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European Union antitrust regulators have cleared Oracle Corp&#39;s hostile $US7.7 billion ($A10.31 billion) bid for rival business software maker PeopleSoft Inc, removing one of the last major hurdles to the contested merger.
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STRASBOURG/SAN FRANCISCO - The European Commission on Tuesday approved Oracle Corp.&#39;sproposed US$7.7 billion ($11 billion) hostile takeover of rival business software company PeopleSoft Inc.
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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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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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The European Commission is set to give US software giant Oracle the go-ahead to take over arch-rival PeopleSoft in a $7.7 billion (4.
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The European Union is set to approve Oracle&#39;s hostile $7.7bn takeover of enterprise apps vendor PeopleSoft, according to Reuters and the Financial Times , both of which cite unnamed sources.
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The European Union's competition commissioner is ready to allow Oracle to proceed with its $7.7 billion hostile takeover bid for PeopleSoft, people close to the case said Friday
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PeopleSoft said it would review a ruling by the European Union that gave Oracle&#39;s hostile takeover bid the green light and stood by its position that the offer undervalues the company.