In early June PeopleSoft announced its plan to purchase mid-market rival J.D. Edwards & Co. The bid spurred Oracle to pass over PeopleSofts management team and head directly to shareholders with a hostile takeover bid for the enterprise resource planning developer. A combined PeopleSoft and JDE company would bump Oracle to number three in the coveted ERP applications market, behind German software behemoth SAP Ag and PeopleSoft, respectively.However, given Oracles statements this afternoon, it appears unlikely the company will appeal. "We remain optimistic that the Department of Justice will conclude that this transaction is not anti-competitive, and that we will complete the transaction in a timely manner," said Finn.
Oracle has the option to appeal the latest DOJ request. According to the DOJ, if the recipient of a second request believes that the request is unreasonably cumulative, unduly burdensome or duplicative, and a modification cannot be agreed upon, an appeal may be filed.