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From internetnews.com]
Oracle's latest (and apparently its last)
offer of $24 per share has triggered a
maelstrom of opinions -- most pointing toward a complete takeover of
rival PeopleSoft.
Analysts are quick to point out the revised offer worth an estimated
$9.2 billion intensifies strain on any negotiations between Oracle
(Quote, Chart) CEO Larry Ellison and PeopleSoft (Quote, Chart)
CEO Dave Duffield. The two sides have until Nov. 19 to convince
PeopleSoft shareholders or risk leaving the Pleasanton, Calif.-based
software maker in a deflated state.
The epic merger saga currently awaits the decision
of a Delaware Chancery Court to remove any lingering
restrictions after U.S. and European antitrust regulators have cleared
the plan.
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