No trumpets for poison pill.(PeopleSoft Inc and Oracle Corp.)(Editorial)

Pensions & Investments, December, 2004 by Burr, Barry B.

Byline: Barry B. Burr Why does PeopleSoft Inc. make its poison pill so hard to find? If its board perceives the anti-takeover device as being in the interest of shareholders, why don't the directors and management trumpet it? Certainly, the board members ought to be out explaining to shareholders the continuing rationale for the poison pill and its advantages in thwarting a hostile takeover attempt by Oracle Corp., Redwood City, Calif.

Adopted long before the Oracle offer, it is not an anti-takeover measure PeopleSoft executives and its board members have touted in news releases, even though they are using the powerful device to thwart Oracle's hostile takeover offer. Steve Swasey, a spokesman for PeopleSoft, Pleasanton, Calif., when asked, couldn't find...

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