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Oracle News Headlines


Oracle, EU Extend Deadlines

November 5, 2004
Oracle stands by $21 per share, while European regulators mull their investigation. 
Once again Oracle has announced that it has extended the October 8th deadline for its tender offer for all 
common stock of PeopleSoft.  
In court, Oracle board member, Joseph Grundfest testified that...

Oracle's current bid of $21 per share -- or around $7.7 billion total -- might need to be renegotiated. Grundfest took the stand as part of Oracle's lawsuit against PeopleSoft designed to remove its Customer Assurance Program (CAP), which guarantees a refund to PeopleSoft customers should the company be acquired by a hostile takeover.

The article continues at,16f2,1,b7ro,ctf2,u,cfcf


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