Sunday, October 28, 2007

Icahn Sues Software Maker Seeking Vote on Offer - New York Times

BEA needs to embrace its fate... 

The billionaire investor Carl C. Icahn has sued BEA Systems, the software maker that spurned a $6.7 billion offer from Oracle, demanding that the company hold an annual meeting and permit shareholders to vote on a sale.

Mr. Icahn, BEA’s largest shareholder, said Friday that the company should put itself up for auction. The lawsuit asks for BEA, which is seeking an offer of more than $8 billion, to hold an annual meeting by Nov. 30.

Icahn Sues Software Maker Seeking Vote on Offer - New York Times

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