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December 19, 2007 | Comments: (0)
Oracle: No friendly BEA deal seen
An Oracle executive said Wednesday that the company does not believe it can acquire BEA in a friendly manner, according to an Oracle representative.
During a conference call with analysts, Oracle CFO Safra Catz said the company concluded no friendly deal can be done with the current BEA board at a price and terms acceptable to Oracle, said the representative.
Oracle's representative declined to comment on whether Oracle might pursue an unfriendly acquisition. Oracle in October offered to acquire BEA for $17 per share; BEA countered with a $21 per share price.
During a meeting with analysts in November, Oracle CEO Larry Ellison expressed dismay with how the process had gone. If Oracle were to make another offer, it would be lower than the $17-per-share originally offered, he said. He also said it appeared no one would be acquiring BEA.
Posted by Paul Krill on December 19, 2007 03:15 PM
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