DoJ Won't Appeal Oracle's Takeover Plans

Friday Oct 1st 2004 by Staff

Another obstacle in the way of Oracle's hostile bid for PeopleSoft is removed.


Oracle (Quote, Chart) advanced its plans to acquire PeopleSoft Friday after the U.S. Department of Justice said it would not appeal a ruling on an antitrust case that tried to block the merger.

The news came on the same day of PeopleSoft's (Quote, Chart) stunning announcement that the company's board of directors fired CEO Craig Conway and replaced him with company founder and Chairman Dave Duffield.

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