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Byline: Ellen Lee
Oct. 14--Oracle Corp. assured shareholders Monday that it does not plan to "overpay" in its bid to take control of rival PeopleSoft Inc.
"We need to make sure this is done at the right price," said Jeff Henley, Oracle's chief financial officer, at the Redwood City-based company's annual meeting.
Oracle, which extended Friday its $19.50-per-share unsolicited offer for Pleasanton-based PeopleSoft until Dec. 31, said it is waiting for the Justice Department to complete its antitrust review of the deal, now expected in November or December.
PeopleSoft's shares, which rose 17 cents, or less than 1 percent, to $20.72 Monday, …