|
Comments
|
Today's Top SOA Links
Linux Business News EU Suspends Oracle-PeopleSoft Probe
EU Suspends Oracle-PeopleSoft Probe
By: Maureen O'Gara
Jan. 16, 2004 12:00 AM
The EU has stopped weighing the proposed $7.3 billion Oracle-PeopleSoft takeover while it waits on Oracle to produce some unidentified additional information. The EU's antitrust people were supposed to say yes or no by the end of March. Now everything is up in the air although Oracle contends it's still committed to buying PeopleSoft whether PeopleSoft likes it or not. Meanwhile, Oracle is expecting a decision out of the Justice Department by early March. According to CNET, the DOJ wants a word with Oracle Larry Ellison, but no such interview has been put on Larry's calendar. Otherwise the agency is still surveying industry players. Canada and some of states attorneys general are also investigating the bid. One theory suggests that maybe the EU is trying to coordinate its review with that of the Justice Department. It's now eight months since Oracle first made its hostile tender offer. PeopleSoft continues to do what it can to evade Oracle. Its board has just approved a $200 million stock buyback program that could raise the price of its stock and make it more expensive for Oracle. It also extended its controversial refund scheme until March 31 or wherever Oracle drops its bid. That's where it promises customers somewhere between two to five times their money back if Oracle takes over. Reader Feedback: Page 1 of 1
Subscribe to the World's Most Powerful Newsletters
Subscribe to Our Rss Feeds & Get Your SYS-CON News Live!
|
SYS-CON Featured Whitepapers
Most Read This Week |
|||||||||||||||||||||||||||