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Posted Oct 25, 2004

EU to Decide Oracle/PeopleSoft Next Week

By Staff


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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