SAN FRANCISCO (AP) - U.S. Justice Department lawyers are recommending that Oracle Corp.'s hostile takeover bid for business software rival PeopleSoft Inc. be blocked for antitrust reasons, a step that could kill the proposed $9.4 billion deal before shareholders get a chance to vote on it.
PeopleSoft, which has been citing antitrust concerns as one of the reasons it has spurned Oracle for eight months, said the Justice Department informed the company of its long-awaited recommendation Tuesday night.
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