Corporations & securities brief ~ Oracle likely to win PeopleSoft takeover bid
In Friday's corporations and securities law news, Oracle will win its hostile takeover fight for PeopleSoft because it has support from a majority of PeopleSoft shareholders, according to sources close to the situation. The battle is nonetheless likely to...
Corporations & securities brief ~ Enron closes major asset, finalizes bankruptcy
In Thursday's corporations and securities law news, Enron Corp. has closed the $2 billion sale of its interest in three natural gas pipelines to CCE Holdings LLC, a joint venture of Southern Union Co. and GE Commercial Finance Energy...
Corporations & securities brief ~ Oracle, PeopleSoft fight for outstanding shares
In Tuesday's corporations and securities law news, Oracle's hostile bid for PeopleSoft Inc. has not been defeated as top shareholders in PeopleSoft are split on whether to accept the bid. Capital Guardian Trust Co. will tender its 10% stake...
PeopleSoft shareholders, Oracle ask judge to order lifting of "poison pill" provisions
A group of dissident PeopleSoft shareholders have asked a Delaware judge to order PeopleSoft's board to negotiate with Oracle, the rival software maker trying to acquire PeopleSoft, according to a Tuesday Wall Street Journal report. The shareholders have asked...
Corporations & securities brief ~ PeopleSoft executives recommend rejecting Oracle bid
In Thursday's corporations and securities law news, PeopleSoft executives have unanimously recommended its shareholders reject Oracle's $8.8 billion hostile takeover bid because the offer was too low. Oracle, upon learning of the news, said it was prepared to walk...
United States Northern District of California, United State District Chief Judge Vaughn Walker, September 9, 2004. Review the opinion . Excerpt: Plaintiffs have failed to prove the likelihood that a post-merger Oracle and SAP would tacitly...
