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Oracle will not swallow 'poison pill'
News The deal also requires PeopleSoft's board of directors to invalidate their "poison pill", a move designed to make a stock less attractive to a prospective buyer, in order for it to go forward. Oracle's hostile takeover bid for rival software maker...
[June 9, 2003, 14:51]
Siebel Systems swallows poison pill
News Such plans, also known as poison pills, make an acquisition more costly and time-consuming for the buyer and are typically adopted when management believes the company vulnerable to a takeover because of a drop in its stock price.
[January 31, 2003, 8:01]
PeopleSoft builds up $2bn 'poison pill'
News Software maker PeopleSoft reported on Monday that anyone that tries to buy the company could be on the hook for nearly $2bn (£1.13bn) in payouts to its customers. That estimate was based on sales until 31 March, the company said.
[May 11, 2004, 9:15]
Sun faces shareholder mutiny
News Shareholder activists are calling for Sun to do away with its "poison pill" takeover defence and realign its executives' stock option plan to be more performance-based, according to a Sun proxy filed on Tuesday.
[September 22, 2005, 8:45]
Oracle buys PeopleSoft
News Oracle had been scheduled to appear in court on Monday for a hearing on PeopleSoft's "poison pill" anti-takeover defence. Beyond sparring with PeopleSoft over the poison pill defence, Oracle has fought with the Department of Justice, European...
[December 13, 2004, 11:10]
Oracle puts off lawsuit
News Edwards under its amended terms and to remove its "poison pill," said the parties agreed to meet with the court on 25 July to consider how to proceed, in light of the new developments with the US Department of Justice.
[July 2, 2003, 7:41]
Oracle wins over PeopleSoft shareholders
News The so-called poison pill dilutes the holdings of any hostile buyer that acquires a stake of 20 percent or greater in the company, making an uninvited transaction prohibitively expensive. With control of the board, Oracle could then remove the...
[November 22, 2004, 7:30]
HP shareholders air frustrations at annual meeting
News The other would subject any future adoption of a "poison pill" anti-takeover provision to a shareholder vote. The poison pill proposal passed with 72.5 percent of the voted shares, and the executive pay proposal passed with 53.1 percent of the...
[March 15, 2007, 8:56]
PeopleSoft sets date for shareholder showdown
News A majority of PeopleSoft's shareholders have tentatively accepted the bid, but the board of directors has rejected it and is using a "poison pill" anti-takeover measure to keep Oracle at bay. The unwelcome suitor is trying to convince a Delaware...
[December 13, 2004, 8:45]
Deadline extended for selling PeopleSoft shares
News As a result, Oracle postponed its 16 July hearing to address its lawsuit against PeopleSoft, in which it seeks to remove PeopleSoft's "poison pill" and halt its competitor's plans to acquire J.D. If the target company has a "poison pill" in place...
[July 4, 2003, 8:06]
CA gets heavy in bid for CSC
News CSC has undertaken a "poison-pill" shareholder rights plan, designed to ward off hostile bids, but CA said that portions of the poison-pill plan may be inapplicable under Nevada law. CA said that it will offer $108 per share for the 85 million...
[February 17, 1998, 13:52]
EC approves Oracle-PeopleSoft merger
News With the last regulatory obstacle out of the way, Oracle needs to find a way around PeopleSoft's anti-takeover measure, otherwise known as a poison pill, to succeed in its $7.7bn bid. Oracle will want to put out a big press release on the...
[October 26, 2004, 15:45]
PeopleSoft extends refund programme
News We think this is just another form of a poison pill designed to thwart a takeover," Finn said. Oracle is seeking to remove a PeopleSoft anti-takeover measure, otherwise known as a poison pill, as well as its use of the customer guarantee programe...
[November 20, 2003, 10:30]
PeopleSoft shells out $70m fighting Oracle
News Oracle, fighting to lift PeopleSoft's antitakeover "poison pill" policy, is scheduled to go to trial on 27 September in the Delaware Chancery Court, according to PeopleSoft's regulatory filing. Regardless of a favourable ruling by Judge Walker...
[August 10, 2004, 9:45]
PeopleSoft shares scarce, says Oracle
News Proxy solicitors, however, say hostile buyers will frequently amass more than 50 percent of tendered shares and use that majority to pressure the target company into removing a poison pill or shareholder rights plan.
[June 23, 2003, 10:02]
PeopleSoft under greater pressure after ruling
News The big question is whether PeopleSoft's board will cling to the poison pill in an effort to keep Oracle away or abandon the provision under mounting pressure from shareholders eager to cash in on Oracle's all-cash offer.
[September 10, 2004, 10:30]
Oracle reveals PeopleSoft board challengers
News Oracle hopes its slate of directors will be elected so it can remove PeopleSoft's anti-takeover measure, otherwise known as a poison pill. If triggered, the poison pill will flood the market with PeopleSoft shares, making it cost prohibitive to...
[November 25, 2004, 8:05]
Early acceptance runs risks for PeopleSoft shareholders
News Oracle is also seeking to remove PeopleSoft's shareholder rights plan, or poison pill, in the Delaware Chancery Court. A poison pill makes it more expensive for a hostile suitor to buy a company, by triggering the release of additional shares of...
[June 10, 2004, 12:05]
Ellison leads by example
News But Oracle continues to face opposition from PeopleSoft's board, which is protected by a "poison pill" takeover defence plan. Oracle is suing to force PeopleSoft to abandon its poison pill, and a hearing in the case is scheduled for Monday.
[December 9, 2004, 7:55]
Oracle gains control of PeopleSoft
News As a result, Oracle was not able to take possession of the shares without triggering PeopleSoft's anti-takeover measures, otherwise known as a poison pill. Once Oracle raised its offer to $26.50 a share, the transaction turned friendly and prompted...
[December 29, 2004, 14:40]
