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Business software developer PeopleSoft Inc. announced late Tuesday that antitrust staff at the U.S. Department of Justice have recommended that regulators file suit to block Oracle Corp.'s hostile takeover attempt of its long-time rival. The staff recommendation will be forwarded to assistant attorney general R. Hewitt Pate in the coming weeks, and Pate will decide whether to allow Oracle's $9.4 billion hostile bid or sue to block it.
February 12, 2004 at 12:00 AM
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The original version of this story was published on Law.Com
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