Oracle May Drop PeopleSoft Bid Over Refund Offer: Looks like PeopleSoft’s poison pill may succeed in the end.
“Oracle Corp. says it may be forced to abandon its hostile $7.3 billion bid for PeopleSoft Inc. if the Pleasanton, Calif., software company continues to offer its customers licensing-fee refunds in the event Oracle succeeds, Tuesday’s Wall Street Journal reported.”
PeopleSoft Offers Oracle Poison: (second story down). A "poison pill" is a move to make your company worth less to a buyer. PeopleSoft just swallowed one to try and fend off Oracle: "PeopleSoft said over half those sales would come from contracts covered by a new customer protection program…