PeopleSoft has reached a blanket agreement with disgruntled shareholders who had filed class-action lawsuits in protest of the Customer Assurance Program (CAP), formed after Oracle moved to acquire PeopleSoft last June. The Pleasanton, Calif. software maker, now locked in a…
SAN FRANCISCO — The chief executive officers of Oracle and PeopleSoft will answer questions about the controversial hostile takeover bid before the weekend is through, officials with both companies said during court proceedings here Friday. The U.S. Department of Justice…
PeopleSoft shareholders selected incumbent members for the company’s board of directors in a resounding vote, formally shutting out Oracle’s attempt to place its own members on the board. A preliminary ballot count taken at the annual meeting of stockholders showed…
PeopleSoft’s customer assurance program (CAP) could tack on an additional $1.56 billion to Oracle’s current $9.4 billion offer for the rival applications company, according to a filing with the securities and exchange commission Thursday. If the pricing devices in the…
Small businesses that have demonstrated success by leveraging computer technologies may be eligible to win $50,000 in computer software, hardware and services by entering Microsoft’s “Realizing Business Potential” contest. Chuck Sharp, marketing vice president for the Information Technology Solution Providers…
Oracle has vowed to “vigorously challenge” the Department of Justice’s decision to block the software maker’s attempt to purchase PeopleSoft for $9.4 billion. Because such litigation will extend beyond PeopleSoft’s annual shareholders’ meeting on March 25, Oracle said it will…
UPDATE:The Department of Justice has dealt a blow to Oracle’s $9.4 billion hostile bid to purchase rival software maker PeopleSoft , saying Thursday that it would hurt competition, stymie innovation and jack up prices in the industry. Assistant Attorney General…
In what has become serve-and-volley battle to win the influential stockholders, PeopleSoft Monday begun mailing proxy materials for a critical March 25 vote. The company is encouraging shareholders to vote for its nominated board candidates and to ignore the candidates…
Oracle moved to spark interest in its latest $9.4 billion offer for rival PeopleSoft by sending a letter to PeopleSoft shareholders asking them to support its revised bid and suggested board candidates. The letter, signed by Oracle CEO Larry Ellison…
Antitrust lawyers of the U.S. Department of Justice (DOJ) recommended against Oracle’s $9.4 billion takeover attempt of rival PeopleSoft, in what could be a major setback for the enterprise software company. In a statement, PeopleSoft said the DOJ had issued…