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BUSINESS
July 19, 2003 | From Reuters
PeopleSoft Inc. said it had taken control of J.D. Edwards & Co., making a hostile acquisition of PeopleSoft by Oracle Corp. potentially much more difficult. PeopleSoft said it purchased about 88% of J.D. Edwards' shares outstanding and expected to buy the rest of the company by the end of August. The company also said J.D. Edwards Director Michael Maples was elected to PeopleSoft's board, bringing its membership to eight.
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BUSINESS
June 11, 2004 | From Bloomberg News
J.D. Edwards & Co. spent $1 billion over five years on a failed attempt to build products to compete with Oracle Corp. and PeopleSoft Inc., a witness said at an antitrust trial to block Oracle's hostile bid for PeopleSoft. The testimony from an executive at J.D. Edwards, which was purchased by PeopleSoft last year, was part of the Justice Department's effort to persuade the court to block the $7.7-billion bid. Government lawyers said J.D.
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BUSINESS
June 11, 2004 | From Bloomberg News
J.D. Edwards & Co. spent $1 billion over five years on a failed attempt to build products to compete with Oracle Corp. and PeopleSoft Inc., a witness said at an antitrust trial to block Oracle's hostile bid for PeopleSoft. The testimony from an executive at J.D. Edwards, which was purchased by PeopleSoft last year, was part of the Justice Department's effort to persuade the court to block the $7.7-billion bid. Government lawyers said J.D.
BUSINESS
September 5, 2003 | Alex Pham, Times Staff Writer
PeopleSoft Inc., the target of a flagging takeover attempt by archrival Oracle Corp., said Thursday that it would cut 750 to 1,000 jobs as it wraps its $1.9-billion acquisition of J.D. Edwards & Co. Combined with other cuts, the staff reduction -- up to 7.7% of the workforce -- is expected to save the combined company $167 million to $207 million a year, helping to boost sales and profit projections over the next 18 months, said Kevin Parker, PeopleSoft's chief financial officer.
CALIFORNIA | LOCAL
March 31, 1989
Armed with search warrants, criminal investigators seized records this week from a large real estate developer and two other firms connected with an Atwater site where hazardous asbestos was improperly ripped out late last year and exposed to the elements. In court papers filed Thursday that disclosed the search, an investigator for the Los Angeles County district attorney's office said it appeared that Schurgin Development Co.
BUSINESS
June 3, 2003 | From Associated Press
Software maker PeopleSoft Inc. said Monday that it is buying rival J.D. Edwards & Co. in a $1.5-billion stock swap that unites two companies vying to snap out of a recent sales lull. The deal, expected to close in the third or fourth quarter, will create the world's No. 2 maker of software that helps businesses manage personnel, supplies and other behind-the-scenes operations. Only Germany's SAP will be larger in this niche. The combined company will have about $2.8 billion in annual revenue.
BUSINESS
September 5, 2003 | Alex Pham, Times Staff Writer
PeopleSoft Inc., the target of a flagging takeover attempt by archrival Oracle Corp., said Thursday that it would cut 750 to 1,000 jobs as it wraps its $1.9-billion acquisition of J.D. Edwards & Co. Combined with other cuts, the staff reduction -- up to 7.7% of the workforce -- is expected to save the combined company $167 million to $207 million a year, helping to boost sales and profit projections over the next 18 months, said Kevin Parker, PeopleSoft's chief financial officer.
BUSINESS
June 17, 2003 | Alex Pham, Times Staff Writer
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.
BUSINESS
July 15, 2003 | Joseph Menn and Alex Pham, Times Staff Writers
Federal antitrust officials Monday cleared PeopleSoft Inc.'s purchase of J.D. Edwards & Co., possibly thwarting a hard-fought effort by Oracle Corp. to undermine the deal by buying PeopleSoft first. PeopleSoft executives said they expected to complete the $1.7-billion union Friday, creating the world's second-largest provider of business applications software. Oracle launched a hostile $5.3-billion tender offer for PeopleSoft shortly after that firm announced plans to buy J.D. Edwards.
BUSINESS
June 13, 2003 | Joseph Menn and Alex Pham, Times Staff Writers
Database software giant Oracle Corp. got a double dose of rejection Thursday. First, PeopleSoft Inc.'s board of directors scorned Oracle's $5.1-billion hostile offer. Hours later, J.D. Edwards & Co. sued Oracle, alleging that it is trying to foil Edwards' $1.7-billion acquisition by PeopleSoft.
BUSINESS
July 19, 2003 | From Reuters
PeopleSoft Inc. said it had taken control of J.D. Edwards & Co., making a hostile acquisition of PeopleSoft by Oracle Corp. potentially much more difficult. PeopleSoft said it purchased about 88% of J.D. Edwards' shares outstanding and expected to buy the rest of the company by the end of August. The company also said J.D. Edwards Director Michael Maples was elected to PeopleSoft's board, bringing its membership to eight.
BUSINESS
July 15, 2003 | Joseph Menn and Alex Pham, Times Staff Writers
Federal antitrust officials Monday cleared PeopleSoft Inc.'s purchase of J.D. Edwards & Co., possibly thwarting a hard-fought effort by Oracle Corp. to undermine the deal by buying PeopleSoft first. PeopleSoft executives said they expected to complete the $1.7-billion union Friday, creating the world's second-largest provider of business applications software. Oracle launched a hostile $5.3-billion tender offer for PeopleSoft shortly after that firm announced plans to buy J.D. Edwards.
BUSINESS
June 17, 2003 | Alex Pham, Times Staff Writer
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.
BUSINESS
June 13, 2003 | Joseph Menn and Alex Pham, Times Staff Writers
Database software giant Oracle Corp. got a double dose of rejection Thursday. First, PeopleSoft Inc.'s board of directors scorned Oracle's $5.1-billion hostile offer. Hours later, J.D. Edwards & Co. sued Oracle, alleging that it is trying to foil Edwards' $1.7-billion acquisition by PeopleSoft.
BUSINESS
June 3, 2003 | From Associated Press
Software maker PeopleSoft Inc. said Monday that it is buying rival J.D. Edwards & Co. in a $1.5-billion stock swap that unites two companies vying to snap out of a recent sales lull. The deal, expected to close in the third or fourth quarter, will create the world's No. 2 maker of software that helps businesses manage personnel, supplies and other behind-the-scenes operations. Only Germany's SAP will be larger in this niche. The combined company will have about $2.8 billion in annual revenue.
BUSINESS
June 5, 2000 | JAMES F. PELTZ
C. Edward McVaney co-founded J.D. Edwards & Co. more than 20 years ago, built it into a major provider of large-scale computer software, became a multimillionaire in the process and then all but retired 18 months ago. Today? He's back at work trying to save his creation. J.D. Edwards' fortunes have been eroding--fast.
BUSINESS
June 5, 2000 | JAMES F. PELTZ
C. Edward McVaney co-founded J.D. Edwards & Co. more than 20 years ago, built it into a major provider of large-scale computer software, became a multimillionaire in the process and then all but retired 18 months ago. Today? He's back at work trying to save his creation. J.D. Edwards' fortunes have been eroding--fast.
CALIFORNIA | LOCAL
March 31, 1989
Armed with search warrants, criminal investigators seized records this week from a large real estate developer and two other firms connected with an Atwater site where hazardous asbestos was improperly ripped out late last year and exposed to the elements. In court papers filed Thursday that disclosed the search, an investigator for the Los Angeles County district attorney's office said it appeared that Schurgin Development Co.
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