BEA To Be Acquired By Oracle For $8.5 Billion

Dashken · 18th Jan 2008, 08:11 AM

Woohoo... Congrats Peaz!

Quote:

BOSTON - Business software maker BEA Systems has agreed to be acquired by Oracle for $8.5 billion, a 14% premium to its first offer, the companies said Wednesday.

Oracle will pay $19.375 per share for BEA, higher than the $17 per share it offered in October but lower than the $21 per share BEA had previously demanded.

"It's a fair price. It's a good deal for Oracle. It's a good deal for BEA," said Trip Chowdhry, analyst at Global Equities Research.

BEA shares rose 19% to $18.50 in pre-market trading compared to the Tuesday close on Nasdaq of $15.58. Oracle shares ticked lower, to $21.01 in pre-market trading from their close of $21.31.

BEA makes so-called middleware, which helps business computer systems interact with each other.

Oracle said the deal, valued at $7.2 billion net of cash on hand of $1.3 billion, would increase its adjusted earnings per share by at least 1 cent to 2 cents in the first full year after closing. (Reporting by Jim Finkle and Tiffany Wu; editing by Mark Porter/John Wallace)

Source: http://www.informationweek.com/share...leID=205800904

Adrian Wong · 19th Jan 2008, 10:06 AM

LOL!!! He doesn't own BEA la..

peaz · 19th Jan 2008, 10:41 AM

Yea la...

LOL!

Dashken · 21st Jan 2008, 08:28 AM

But he works for them ma.

19th Jan 2008, 10:06 AM	#2 (permalink)
Adrian Wong Da Boss Join Date: 10 Oct 2002 Location: In front of my ASUS F8V notebook! Posts: 30,419 Reputation: 3147 Rep Power: 68	LOL!!! He doesn't own BEA la.. __________________ Dr. Adrian Wong Tech ARP \| Blog @ Tech ARP \| The Free Trade Zone DYKT : The only offshore account I have is at the sand bank? We need PROGRAMMERS and TECHNICAL WRITERS! Contact us if you are a hot shot programmer or technical writer! My items for sale : 50x SD Card \| Memory Stick PRO \| Cyclone Energy Saver \| Seiko SS watch \| Tiger/Carlsberg beer jugs \| Travel Speakers \| Motorola V600 \| Nokia N90 SOLD! \| New Lowepro Mini Trekker AW Other items for sale @ the FTZ : Zalman CNPS9500 LED @ $20 \| Zalman CNPS7700 Cu @ $20 \| Zalman CNPS7000 Cu @ $20 \| Swarovski bracelet watches \| Dell 17" LCD \| Hi-Fi speakers \| English DIVX movies \| HP LaserJet toners! \| Office chairs

19th Jan 2008, 10:41 AM	#3 (permalink)
peaz ARP Webmaster Join Date: 13 Oct 2002 Location: http://atpeaz.placidthoughts.com/ Posts: 8,516 Reputation: 1673 Rep Power: 31	Yea la... LOL! __________________ Ken Ng Tech ARP Visit my web gallery - Ken's Digital Canvas Shoot and Earn Money from Stock Photography Sterling@PJ Community Forums

21st Jan 2008, 08:28 AM	#4 (permalink)
Dashken Administrator! Join Date: 21 Apr 2003 Location: Penang Posts: 29,821 Reputation: 2162 Rep Power: 56	But he works for them ma. __________________ \| Intel Core 2 Duo E6850 @ 3.2Ghz \| ASUS P5B-E Plus \| G.SKILL 2x1GB DDR2 800 \| 6 HDDs (2TB+ only ) \| NVIDIA GeForce 7600GT \| Dell E248WFP 24" Widescreen \| Blog : Dashken's I-Blog Gallery : Dashken's I-Paintings

Similar Threads
Thread	Thread Starter	Forum	Replies	Last Post
Oracle to swallow Siebel for $5.8 billion!	Dashken	News	0	13th Sep 2005 09:10 AM