Mntsnow
09-27-2004, 8:49 AM
The European Union's competition commissioner, Mario Monti, is ready to allow Oracle to proceed with its $7.7 billion hostile takeover bid for its software rival PeopleSoft in the coming weeks, people close to the case said Friday.
They said Monti is taking that stance because the lawyers advising him doubt they could defend a prohibition decision on appeal. Read more at SFGate (http://www.sfgate.com/cgi-bin/article.cgi?file=/chronicle/archive/2004/09/25/BUG1Q8UQBO1.DTL&type=tech)
They said Monti is taking that stance because the lawyers advising him doubt they could defend a prohibition decision on appeal. Read more at SFGate (http://www.sfgate.com/cgi-bin/article.cgi?file=/chronicle/archive/2004/09/25/BUG1Q8UQBO1.DTL&type=tech)