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Oracle makes $6.7B bid for BEA
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October 12, 2007 | Comments: (0)
Oracle makes $6.7B bid for BEA
Via Roy Russo's heads up:
Oracle, in letter to BEA Systems' board, offers cash at a 25% premium; says it seeks friendly acquisition.
"We believe our all cash offer provides the best value for BEA's shareholders and the best home for BEA's employees and customers," said a statement from Oracle President Charles Phillips. "This proposal is the culmination of repeated conversations with BEA's management over the last several years. We look forward to completing a friendly transaction as soon as possible."
Posted by Savio Rodrigues on October 12, 2007 06:19 AM
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