Read Case 11.4: Oracle’s Hostile Bid for PeopleSoft. Answer the questions below in a 2 -3 page paper to your instructor.
a. In your judgment why did the executives of PeopleSoft reject the unsolicited takeover from Oracle Corporation?
b. In what ways was the Oracle bid for PeopleSoft unusual?
c. 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?
d. What was the “poison pill” that had been adopted by PeopleSoft board of directors?
