PeopleSoft's board of directors has approved a takeover deal with Oracle worth around $10.3 billion, ending a long-running and bitter battle and creating a major software maker. Oracle had been scheduled to appear in court Monday for a hearing on PeopleSoft's "poison pill" antitakeover defense. The lawsuit was one of several that had been filed in the course 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.

Full story: news.com
Finally! Of course this isnt again the Competition Laws.