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European antitrust regulators are set to announce Tuesday whether they will block Oracle's hostile takeover bid for rival PeopleSoft.
The pending decision by the European Commission--the executive arm of the European Union--marks the last regulatory hurdle Oracle faces in moving forward with its $7.7 billion bid. The Commission, which will convene in Strasbourg, France, at 1 p.m. local time, will make its decision during its regularly scheduled weekly meeting, a representative said Friday.
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