The judge's decision should be coming any day now in the Department of Justice's lawsuit to block Oracle's hostile bid for PeopleSoft.
Wall Street analysts are predicting a short term bump in share price for PeopleSoft, no matter which way the decision goes. The reasoning is that if the court blocks the takeover, PeopleSoft deals will finally be free from the uncertainty surrounding a potential takeover. On the other hand, if Oracle gets the green light, its tender offer of $21 per share is at a substantial premium to PeopleSoft's current price of $17-something.
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