Perhaps BEA management is losing control of its destiny
"Using our leveraged-buyout analysis we believe a financial buyer could pay somewhere around $15 to $16 (per share), while a strategic buyer has the potential to pay $1 to $3 (per share) more," [Credit Suisse analyst Jason] Maynard wrote. "While management may still be hesitant about selling the business, it's our opinion that they are rapidly losing the ability to influence that decision."
He thinks the company would likely be acquired by a private equity firm or by database software maker Oracle Corp.
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