Oracle wins PeopleSoft shareholder vote

[mazzy]

Oracle chalked up a key victory Friday in its battle to acquire PeopleSoft, with investors agreeing to sell the suitor 60 percent of PeopleSoft's outstanding shares.

The shareholder vote of confidence keeps the $9.2 billion bid on the table, but it far from seals the deal because PeopleSoft, which has rejected the offer, is protected by an anti-takeover provision. 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.

Подробнее...
http://news.com.com/Oracle+wins+PeopleSoft...html?tag=cd.top