The state of Michigan is joining the U.S. government and seven other
states that want to block Oracle's (Quote, Chart) $9.4 proposal to
takeover PeopleSoft, (Quote, Chart) Attorney General Mike Cox said in a
Cox said that if Oracle acquires PeopleSoft, the merger would "impair
competition between businesses, government agencies and other organizations
that depend on their products." Some estimates place the cost to Michigan
taxpayers at more than $130 million.
"We're joining this fight to make sure Michigan taxpayers do not have to
pay more for goods and services, and to help guarantee a continued,
diversified business market," Cox said after the state filed a motion in
fFderal District Court in San Francisco to intervene in the antitrust suit.
"I will fight to make sure that Michigan businesses and consumers aren't at
the mercy of those who seek to evade our anti-trust laws for their own
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