CNN has pointed out that Oracle is attempting to buy BEA Systems at $17 a share, a 25% premium over the normal share price.
From CNN: "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 on 2007-10-14 20:55
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