<< Read Full Article
<< Read Full Article
Oracle to Fight DOJ Decision on PeopleSoft Merger
Updated from 10:10 a.m. EST
Dealing what could be a fatal blow to the hostile takeover bid, the Department of Justice and seven states will file suit to block Oracle's(ORCL Quote) bold offer for rival PeopleSoft (PSFT Quote).
Despite lobbying by Oracle, Assistant Attorney General R. Hewitt Pate has decided to stand by his staff's recommendation to block the second-largest software maker's $9.4 billion bid for PeopleSoft, the department announced Thursday. Attorneys general from Hawaii, Maryland, Massachusetts, Minnesota, New York, North Dakota and Texas are joining the lawsuit, which will be filed in U.S. District Court in San Francisco on Thursday. ...
Recent Comments
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,388.90 | 1,105.98 | 2,194.35 | 34.83 |
Oil *
77.74
|
|
UP
22.75
|
UP
6.06
|
UP
21.21
|
UP
1.03
|
10 Yr
3.48%
SPDR Gold
113.75
|
|
+0.22%
|
+0.55%
|
+0.98%
|
+3.05%
|
Data delayed 20 minutes |
Connect with TheStreet