February 11, 2004 |
The staff of the Justice Department recommended Tuesday that the U.S. agency seek to block Oracle Corp.'s proposed $9.4-billion takeover of rival software firm PeopleSoft Inc. Lawyers at the department agreed with PeopleSoft that the union would run afoul of antitrust law, according to PeopleSoft. They forwarded their findings to the head of antitrust enforcement, R. Hewitt Pate. The company said it was told Pate would make a final decision by March 2.
June 17, 2003 |
Software maker PeopleSoft Inc. sweetened the terms of its friendly offer for J.D. Edwards & Co. on Monday with $863 million in cash in an attempt to ward off a $5.1-billion hostile takeover bid from database giant Oracle Corp. PeopleSoft and Oracle are battling for the allegiance of PeopleSoft shareholders. Oracle is hoping to woo them with a tender offer of $16 per share. PeopleSoft is trying to convince them that their shares are worth more -- especially if PeopleSoft completes its $1.
March 26, 2004 |
PeopleSoft Inc.'s annual meeting Thursday, once anticipated as the decisive slugfest over Oracle Corp.'s hostile tender offer for the business software firm, came off with all the ferocity of afternoon tea at a retirement home. Oracle had nominated a slate of directors for the PeopleSoft board in hopes that they would revoke the company's anti-takeover defenses and clear the way for the $9.4-billion acquisition.
September 11, 2004 |
Signaling a potential breach in PeopleSoft Inc.'s resistance to a takeover, a growing number of the company's shareholders on Friday called for management to negotiate a friendly deal with software giant Oracle Corp. Investors impatient with sliding profit at Pleasanton, Calif.-based PeopleSoft said Oracle's $7.7-billion tender offer deserved serious consideration, particularly after a federal judge on Thursday rejected the Justice Department's antitrust challenge to the acquisition bid. U.S.
July 10, 2003 |
Larry Ellison has a message for those who doubt the sincerity of Oracle Corp.'s hostile bid for rival PeopleSoft Inc.: Only the feds can force him to surrender. Speaking Wednesday to Wall Street analysts gathered at Oracle's Redwood City, Calif., headquarters, the chief executive said that if Oracle failed to win a court fight to disable PeopleSoft's takeover defenses, he would wage a campaign to unseat PeopleSoft's board of directors. Only antitrust regulators would deter him, he said.
November 19, 2004 |
After a campaign nearly as long and contentious as the presidential race -- and that could end up as close -- Oracle Corp. could find out tonight whether it has enough votes to proceed with its hostile bid for rival PeopleSoft Inc. Oracle has said it would walk away from the 17-month battle if it failed to convince holders of at least half of PeopleSoft's stock that its $24-a-share offer was a good deal. PeopleSoft's board has said that the No.
February 27, 2004 |
The Justice Department delivered a crucial blow Thursday to Oracle Corp.'s proposed $9.4-billion hostile takeover of rival PeopleSoft Inc., saying it would oppose the bid on grounds that it would result in "higher prices, less innovation and fewer choices" for customers. Federal antitrust regulators said the department had joined the attorneys general of seven states in suing Oracle to block the database giant's tender offer for business software maker PeopleSoft.
May 26, 2001 |
Chapman fell into the losers' bracket of the NCAA Division III World Series after a 5-1 loss to defending champion Montclair State Friday at Fox Cities Stadium. The Panthers will play Salisbury State today at 8 a.m. (PDT), with the loser being eliminated from the eight-team tournament. "You have to take advantage of the opportunities when you get them," Chapman Coach Rex Peters said. "We had a few opportunities, but we just couldn't get a big hit."
June 21, 2003 |
The board of PeopleSoft Inc. spurned database giant Oracle Corp.'s hostile takeover bid again Friday, saying that even at $6.3 billion it was inadequate and that antitrust regulators would nix the deal in any case. "Oracle's offer undervalues the company," said Craig Conway, chief executive of Pleasanton, Calif.-based PeopleSoft. "It is highly conditional, faces significant regulatory delays and uncertainty and threatens serious damage to our business."
February 5, 2004 |
Oracle Corp. on Wednesday raised its hostile tender offer for rival software maker PeopleSoft Inc. by a third to $26 a share, or $9.4 billion, substantially increasing its chances of winning control of the firm if antitrust regulators decide not to oppose the combination. The sweetened offer cleared away suspicions that the database software giant was merely trying to disrupt PeopleSoft's business with an unsolicited offer.