Tuesday, October 23, 2007

Oracle Threatens to Pull BEA Bid - WSJ.com

The game continues...

Oracle Corp. told BEA Systems Inc. its $6.7 billion takeover offer will expire Sunday if the software company doesn't agree to a deal or put the bid to a shareholder vote.

The offer, made public 10 days ago, values BEA at $17 a share, a 25% premium to the company's share price the day before Oracle disclosed the bid. At the time, BEA rebuffed the offer, saying it significantly undervalued the business software provider.

Oracle Threatens to Pull BEA Bid - WSJ.com

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