DoJ against Oracle hostile PeopleSoft takover
eWeek | at | by Mike
The U.S. Department of Justice's staff is expected to recommend against Oracle's $9.4 billion hostile bid for PeopleSoft, according to sources close to the deal.
After gathering the appropriate documentation and commentary from customers and competitors, the DoJ's staff typically prepares their recommendations at the chief level, or front office. The staff is expected to present their recommendation to top officials this week, according to a report by CBS Marketwatch.