European Commission wants to reach a decision on hostile bid before the end of October
Published:
26 September 2004 y., Sunday
The European Commission has confirmed that it wants to reach a decision on Oracle (Profile, Products, Articles) Corp.’s hostile bid for PeopleSoft Inc. before the end of October, prompting speculation that it will approve the merger.
The Commission suspended its investigation into the case in April, saying that it was waiting to receive extra billing information from Oracle.
Oracle believes that it had supplied the Commission with all the information it could, arguing that it has already provided the Commission with the data it needs to take a decision, people close to the case have said.
But Monti’s spokeswoman said on Friday that Commission officials are still in contact with Oracle, with a view to obtaining additional information, which the company promised to send as quickly as possible.
The Commission’s desire to decide the case before Monti's tenure ends on Oct. 31 is seen as an indication that the E.U.'s legislative body does not share the U.S. Department of Justice's (DOJ's) view that the merger should be blocked on competitiveness grounds, said a source close to the case. "If (the Commission) was minded to block this, why hasn't it done so already?" the source said.
Given the time needed to get approval to block mergers it seems unlikely that Monti could veto the merger by the end of October, raising expectations that the Commission will support it.
Šaltinis:
infoworld.com
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
Software company announced new structure_ of it_s business.
more »
According to the council's report, ATM-skimming fraud, which involves illicitly copying ATM card information stored on magnetic stripes, is increasing in Europe.
more »
Building on the success of the recent HP TouchSmart PC for the home, HP today introduced the market’s first all-in-one, touch-enabled desktop PC for businesses.
more »
Microsoft Corp. Chief Executive Officer Steve Ballmer announced the beta availability of the Windows 7 operating system as well as the availability of the latest version of the Windows Live, a suite of personal communications services and applications.
more »
Cash-cycle management, branch optimization, sales/marketing consultation and automation, automated checkout and managed services are expected highlights for January's Wincor World 2009.
more »
We all need to better understand the media we are touched by daily, especially the young, says Austrian Socialist Christa Prets. MEPs backed her report on “media literacy in a digital world” on Tuesday.
more »
Since October, readers of the European Parliament's web pages have had access to RSS, which allows them to keep up-to-date with what is going on via a free subscription.
more »
Fox and Motorola collaboration results in first all-HD programming distribution strategy.
more »
Wincor Nixdorf has won a contract to integrate its cash management solution, consisting of staff-assisted self-service terminals, software and comprehensive services, in the checkout zones and IT operations of Shell Deutschland’s 1,300 service stations.
more »
The role that the internet can play in parliamentary democracy was explored this week when 400 people gathered in Brussels for the annual “e-Parliament conference”.
more »
The EU’s new digital library brings vast treasure trove of historical documents, rare and valuable manuscripts and exquisite cultural artefacts to your desk.
more »