Wednesday, October 24, 2007

BEA Traders Seem to Think Oracle Bid Warning Is Bluster - WSJ.com

Maybe this will become a TV miniseries... 

The battle for BEA Systems seems far from over despite Oracle's warning that it will walk away from its $6.7 billion takeover offer if BEA doesn't agree to a deal in less than a week.

BEA insisted the company is "worth significantly more" than Oracle's bid of $17 a share.

Shares in BEA have been trading above $17 since the offer was made public earlier this month, suggesting shareholders believe a higher offer is in the wings. The stock closed at $17.87, down 3.9% but above the bid price.

BEA Traders Seem to Think Oracle Bid Warning Is Bluster - WSJ.com

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