Yeah, you (and I) missed the big money on Oracle’s takeover of BEA Systems. BUT, if you have some spare cash handy and low trading costs you can make a guaranteed 4% to 5% on the deal if you move fast. That’s because the stock is trading at a small discount to the offer price of $19.375 a share.
No, that’s not a lot of money unless you have a fairly good chunk of cash to put in, but given the state of the market it’s like buying a CD only better because you’ll only pay taxes on the gain. The deal will close later this year and Oracle will circulate the tender offer to shareholders.
I welcome your comments, tips and suggestions. Reach at me at Bill_Snyder@infoworld.com
Posted by Bill Snyder on January 16, 2008 10:58 AM
