PeopleSoft Swallows a Poison Pill

By Deane Barker on July 3, 2003

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 that industry watchers said was a takeover defense in disguise. Those contracts include a clause that says if PeopleSoft changes hands, the buyer would be required to rebate two to five times the amount of the original license agreement.”

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