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EU rules that Oracle can proceed with PeopleSoft takeover

[JURIST] The European Commission said Tuesday that Oracle can go ahead with its hostile takeover bid for PeopleSoft. Tuesday's ruling follows last month's US District Court decision (reported here on JURIST's Paper Chase) to deny the US Justice Department's request to issue an injunction blocking the hostile takeover. Paper Chase has background on the European Commission's consideration of the takeover and CNET News has more.

About Paper Chase

Paper Chase is JURIST's real-time legal news service, powered by a team of 30 law student reporters and editors led by law professor Bernard Hibbitts at the University of Pittsburgh School of Law. As an educational service, Paper Chase is dedicated to presenting important legal news and materials rapidly, objectively and intelligibly in an accessible format.

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