holy crap!
from cnet tonight:
PeopleSoft's board of directors has approved a takeover deal from Oracle worth around $10.3 billion, ending a bitter takeover attemptthat started more than a year ago and creating a major software maker.
Oracle was scheduled to appear in court Monday in a legal battle over PeopleSoft's "poison pill." The lawsuit was one of several that had been filed in the wake of the hostile takeover bid.
Instead, Oracle announced Monday that PeopleSoft's board had agreed to a deal valuing PeopleSoft at $26.50 per share, higher than Oracle's "final bid" of $24, and a roughly 10 percent premium over PeopleSoft's closing price Friday.
While it was obvious Larry wasn't giving in, I expected this to drag on longer.
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