Oracle, DOJ Request June 21 Trial

 
 
By Renee Boucher Ferguson  |  Posted 2004-03-10 Email Print this article Print
 
 
 
 
 
 
 

Both Oracle Corp. and the U.S. Department of Justice requested a June 21 court date in documents filed to the U.S. District Court in San Francisco on Tuesday.

Both Oracle Corp. and the U.S. Department of Justice requested a June 21 court date in documents filed to the U.S. District Court in San Francisco on Tuesday. The Justice Department filed suit last month in the U.S. District Court to block Oracles $9.4 billion takeover bid of PeopleSoft Inc.
With 10 days each to present their cases, the trial will likely last the month—and drag the Oracle/PeopleSoft saga on for at least another five months from today.
Click here to read what Oracle had to say about the DOJs rationale. Last June, Oracle, of Redwood Shores, Calif., waged a hostile takeover bid for PeopleSoft. Shortly after, the DOJ, more than half of the nations state attorneys general and the European Commission launched antitrust investigations. On Feb. 26, the DOJ and seven states filed suit to block the controversial deal. A decision from the European Commission is expected May 11, while the remainder of the state attorneys general have not declared their intentions in the deal.
Next page: Filings point the way to a world of wrangling.


 
 
 
 
 
 
 
 
 
 
 

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