home

Articles

Blog

Books

Tools

Links

FAQ Page


Oracle Court Action Over Poison Pill

Google
 
Web www.software-risk.co.uk

Oracle in its pursuit of PeopleSoft is seeking to add more court victories to its arsenal. The actions centre on "poison pills" used by PeopleSoft in its bid defence.

The first is a shareholder plan, common amongst US companies who are bid for. The second is a guarantee to customers for a pay-out in the event that PeopleSoft is taken over.

For a bid value of $7.7bn, Oracle might have to pay over $2.2b to honour the guarantees. Hence the court case.

Delaware, which is most US corporations are registered has traditionally backed poison pills. However corporate governance has even made it there.

Winning the case would be important, especially in the light of wins in California and the expected drop of action by the European Commission.

In a separate development, Steve Ballmer, Microsoft CEO has ruled a white knight bid for PeopleSoft. In an interview in the Financial Times he compares PeopleSoft unfavourably with arch-rival SAP.

Related Articles
GlobalSantaFe and Certus for Compliance
Mobius and Sapphire
Redwood and REALTECH
Tighter Sarbanes-Oxley Called For
Sarbanes-Oxley in the News
Oracle Internal Controls Tool and Financial Hub
Oracle Identity and Access Suite
Compensation Consultants

Similar Areas

Oracle Items

Database Items

Private Company Items

Mergers and Acquisitions Items

Selected Books

Keywords

Oracle

PeopleSoft

bid

takeover

merger and acquisition

acquisition

poison pill

Delaware

court case

corporate governance

SAP

white knight


See our Sarbanes-Oxley compliance, load testing and Financial Glossary pages.
Articles   Books   FAQ Page   home   Jobs   Links   Reviews Page   Tools  
Booklist   books   Measurement   Testing   Tools