Monday, October 29, 2007

Oracle Lets BEA Bid Die; Icahn Pushes for Auction - WSJ.com

BEA closed at $16.50 Friday... 

In a statement yesterday, Oracle said BEA shareholders "should not assume that Oracle will renew its $17 per share offer in the future. Over time many things can change: BEA's business might materially weaken, the stock market can fall further from its recent record highs, or Oracle may have committed its capital elsewhere."

Oracle also invited shareholders to take action against BEA's board. "If the BEA shareholders are unhappy with the behavior of the BEA board it is up to those shareholders, not Oracle, to take the appropriate action," it said.

Oracle Lets BEA Bid Die; Icahn Pushes for Auction - WSJ.com

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