Looks like there won't be a lot of love left to lose when this deal closes...
Oracle, in a letter sent by President Charles Phillips to BEA's board of directors, said that BEA canceled a meeting scheduled for Friday and declined attempts to reschedule.
Oracle, which has made a $6.7 billion offer to buy BEA, also said that it remained "committed to its proposed price of $17 per share." BEA earlier on Friday rejected Oracle's bid, saying it seriously undervalued the company.
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