Oracle says PeopleSoft rebate plan may imperil bid
C|Net | at | by Mike
In its hostile takeover bid for PeopleSoft, Oracle asked a Delaware court on Monday to expedite its request for an injunction against a PeopleSoft rebate program that takes effect upon an acquisition. Oracle said the rebate program could force it to withdraw its offer.
The Justice Department is reviewing Oracle's $7.3 billion hostile bid for PeopleSoft, announced last spring. The review is expected to last until the end of the month.