European antitrust regulators are set to announce Tuesday whether they will block Oracle's hostile takeover bid for rival PeopleSoft.
European antitrust regulators announced Monday that they're extending their review of Oracle's hostile bid for PeopleSoft into an in-depth second phase.
PeopleSoft offered a glimpse at the price of blocking Oracle's hostile takeover bid in a regulatory filing Monday.
PeopleSoft's board of directors has rejected Oracle's revised hostile bid, saying it believes the company is worth more than US$26 a share.
Decisions by a United States court and European Union officials to effectively clear regulatory hurdles from the path of Oracle's proposed US$7.7 billion acquisition of PeopleSoft are poised to persuade Australian competition regulators to green-light the transaction.
The US Justice Department charges have been rejected, making way for Oracle's US$7.7 billion PeopleSoft merger. What does the future hold? Additional reading: New twist in software licensing
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