State intensify Oracle-PeopleSoft hostile takeover review
C|Net | at | by Mike
Attorneys general from approximately 30 states this week intensified their review of Oracle's $6.3 billion unsolicited bid for PeopleSoft, according to sources. State antitrust attorneys were busy signing confidentiality agreements, which would enable them to share information on Oracle, PeopleSoft and J.D. Edwards among one another and with the U.S. Department of Justice, sources familiar with the situation said. And although the move by no means signals that they will file a lawsuit to block Oracle's bid, it does indicate their level of interest in taking the next step to review the deal--and gives a glimpse into the number of states that could ultimately be party to a concerted action.