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From internetnews.com]
Despite pending government investigations, Oracle (Quote, Chart)
Monday said it remains very firm in its proposal to purchase PeopleSoft
(Quote, Chart) for $19.50 per share or about $7.5 billion.
During a conference call designed to combat what it called "conflicting
information" about the merger, the Redwood Shores, Calif.-based software
giant said it is looking beyond possible government interdiction and
preparing a slate of new directors that it hopes will help its chances
should a proxy war break out.
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