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.
June 3, 2003 |
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.
September 5, 2003 |
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.
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.
July 15, 2003 |
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.
June 13, 2003 |
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.