EU to Decide Oracle/PeopleSoft Next Week

October 25, 2004

[From internetnews.com]

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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