unusual because of the significant amount of money Oracle offered PeopleSoft in

Unusual because of the significant amount of money

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unusual because of the significant amount of money Oracle offered PeopleSoft in orders to takeover their company. The final offer made by Oracle was for over double the price of the current shares for PeopleSoft. What were the relevant conditions that needed to be considered by the PeopleSoft independent board of directors in determining if the sale of the company was in the best interest of the shareholders? The relevant conditions that needed to be considered were whether or not PeopleSoft would be able to continue on its own and provide a profit to their shareholders. If the company was able to forecast into the future that they were able to continue making a profit, then the sale of the company would not have to be a topic of interest. What was the “poison pill” that had been adopted by PeopleSoft board of directors? The poison pill is an anti-takeover provision that if the merger goes through it would release millions of new shares costing Oracle millions more. By doing this it is
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PeopleSoft attempt to halt the takeover and put more barriers in the way of Oracle from acquiring the company. ReferencesBoatright, J. (2009). Ethics and the conduct of business(6thed.). Upper Saddle River, NJ : Prentice Hall. ISBN: 9780205667505
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