In the latest volley in the battle between
, PeopleSoft has extended its money-back guarantee program until the end of the year.
PeopleSoft disclosed its extension of its "Customer Assurance Program" in a filing Wednesday with the
Securities and Exchange Commission
. Oracle has said it could be forced to abandon its $7.3 billion hostile takeover bid on PeopleSoft unless a court imposes an injunction on the program, which guarantees huge refunds on software contracts if PeopleSoft is acquired. A hearing on Oracle's injunction request is scheduled Wednesday in Delaware Chancery Court.
A group of angry PeopleSoft shareholders has also sued the company over the guarantees, characterizing them as a "nonredeemable poison pill" that can't be rescinded if the hostile bids wins out.
Shares of PeopleSoft gained 9 cents, or 0.4%, to $20.44, while shares of Oracle were up 14 cents, or 1.2%, to $11.95 in recent trading.