EU to Decide Oracle/PeopleSoft Next Week

Monday Oct 25th 2004 by Staff

Regulators put the probe on the fast track, while Oracle extends its offer yet again.


European regulators are preparing to announce their position on Oracle's hostile takeover bid for PeopleSoft, regulators said Friday.

European Union (EU) antitrust chief Mario Monti said a decision in case is on the European Commission's (EC) agenda for next Tuesday. That is two weeks earlier than the Nov. 9 deadline previously set to wrap up the probe.

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