takeover buyout justice department in news
Oracle-Siebel mega-merger gets EC green light
News Oracle executives at one point were in buyout discussions with Siebel while also trying to land the PeopleSoft deal. Both the EC and the US Department of Justice raised concerns about... [22 Dec 2005]
'PeopleSoft's profits plummeting' says Oracle exec
News The proposed deal has gained steam since Oracle fought antitrust charges over the buyout plan and won. Catz was testifying under cross examination in the second week of a court case launched by Oracle to remove... [12 Oct 2004]
Antitrust ruling puts PeopleSoft under renewed pressure
News If that reading is correct, PeopleSoft's main defence against the unwelcome buyout is an anti-takeover provision, or "poison pill". Each of those potential obstacles buys PeopleSoft time to stall the... [10 Sep 2004]
Oracle wins bitter antitrust case
News The agency took Oracle to court in June, charging that a PeopleSoft buyout would empower Oracle to illegally raise prices and would impair innovation in the industry. In reaction to the ruling, Oracle called for... [10 Sep 2004]
DoJ and Oracle face final scrutiny in trial
News The Justice Department filed suit against Oracle in February, charging that its hostile buyout bid for PeopleSoft would give the merged company too much market power. Walker appeared... [21 Jul 2004]
Replacing PeopleSoft would cost $100m, says DaimlerChrysler
News Michael Gorriz, VP of information technology business systems at the car manufacturer, said an Oracle buyout of PeopleSoft could lead to higher prices for complex business software the firm already has installed. [16 Jun 2004]
Oracle defends itself with competitors
News The Justice Department charges that a PeopleSoft buyout would do exactly what Cox feared -raise prices because there'd be only two viable competitors for such large accounts. The... [09 Jun 2004]
PeopleSoft appeals to shareholders to reject Oracle bid
News In a letter to shareholders, PeopleSoft CEO Craig Conway defended his company's rejection of a hostile $9.4bn buyout bid from Oracle and asked shareholders to reject Oracle's attempt to gain control of its board. [24 Feb 2004]
DoJ's antitrust lawyers move to block Oracle PeopleSoft bid
News Oracle's $9.4bn buyout offer hinges on the Justice Department's decision. The announcement comes after months of speculation over whether the Justice... [11 Feb 2004]
Oracle tables "final" $9.4bn PeopleSoft bid
News Oracle is still awaiting antitrust approval for the buyout proposal from the US Department of Justice, which is expected to rule on the matter before 12 March. Oracle has again stepped... [04 Feb 2004]
PeopleSoft brings forward Oracle boardroom battle
News The move is a critical step in its efforts to complete a hostile buyout of its software rival: PeopleSoft's board has twice rejected an Oracle tender offer and has the power to overturn anti-takeover... [02 Feb 2004]
Oracle looks to a future without PeopleSoft
News But eight months and many setbacks later, Oracle's buyout plans appear uncertain, leaving some to question the company's commitment to the unit, should it suffer defeat in its efforts to acquire PeopleSoft. [28 Jan 2004]
Ellison says Oracle can wait for PeopleSoft prey
News At an investment banking conference in Aspen, Colorado, Ellison rejected the idea that delays caused by an extended anti-trust review and continued resistance from PeopleSoft management will hurt Oracle's buyout plan. [16 Jul 2003]
Oracle faces antitrust investigation
News PeopleSoft found itself a buyout target of Oracle a couple days after it announced plans earlier this month to buy JD Edwards. But in deals that involve a hostile takeover, the prospective buyer tends to... [01 Jul 2003]
Oracle awaits antitrust word
News The US Department of Justice faces a Monday deadline, in which it either lets the deal progress or makes a second request for information as part of a formal investigation into the proposed... [30 Jun 2003]
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