Oracle surprised PeopleSoft on Friday with a $5.1 billion unsolicited takeover offer. But before this saga reaches its denouement, might a white knight surprise with a counterbid of its own?
Computer Associates International management has emerged victorious in a bitter proxy battle, but not without making changes to appease dissident shareholders.
Texas billionaire Sam Wyly has filed a counter claim in a lawsuit against Computer Associates International, accusing the company of failing to disclose to shareholders that one of its board members was also a director of troubled software maker Lernout & Hauspie Speech Products.
Charles Wang and Sanjay Kumar want to defeat the campaign by Texas billionaire Sam Wyly to wrest control of Computer Associates. Now it's up to the shareholders.
Paul Wick, managing director of J.W. Seligman & Co -- one of Computer Associates's biggest investors -- said his firm would support a slate of board candidates trying to wrest control of the world's No. 4 software maker away from current management.
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