Thursday, October 25, 2007

BEA Board Says Company Is Worth $21 a Share - WSJ.com

The dance continues...

BEA Systems Inc. said it is willing to negotiate with potential acquirers, including Oracle Corp., if they are willing to pony up $21 a share, or $8.2 billion.

That compares with the $17 a share, or $6.7 billion takeover offer, Oracle made two weeks ago. Oracle said Tuesday that the offer will expire at 8 p.m. EDT Sunday if BEA doesn't agree to a deal or put the bid to a shareholder vote.

BEA Board Says Company Is Worth $21 a Share - WSJ.com

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