News

BEA Sets $21 Per Share Buyout Value

BEA Systems said Thursday it is prepared to discuss a sale of the company to Oracle Corp. and other potential suitors at a price of $21 per share.

That is well above the $17 per share bid that larger rival Oracle made two weeks ago for the business software maker. BEA has twice rejected the offer as too low, according to Oracle.

BEA said it reached the $21 figure after consultation with adviser Goldman Sachs. BEA said it is "prepared to authorize negotiations with third parties including Oracle" at that price.

The $21 price values BEA at about $8.15 billion, based on its roughly 388.2 million outstanding shares as of April 2006, the last time BEA filed a quarterly report with regulators. Oracle's offer values BEA at about $6.7 billion.

On Tuesday, Oracle set a deadline for this Sunday evening for BEA to accept its original offer.

BEA's board said Thursday it will "continue to vigorously oppose a sale to Oracle at $17 per share" because it undervalues the company.

Featured

  • Report: Cost, Sustainability Drive DaaS Adoption Beyond Remote Work

    Gartner's 2025 Magic Quadrant for Desktop as a Service reveals that while secure remote access remains a key driver of DaaS adoption, a growing number of deployments now focus on broader efficiency goals.

  • Windows 365 Reserve, Microsoft's Cloud PC Rental Service, Hits Preview

    Microsoft has launched a limited public preview of its new "Windows 365 Reserve" service, which lets organizations rent cloud PC instances in the event their Windows devices are stolen, lost or damaged.

  • Hands-On AI Skills Now Outshine Certs in Salary Stakes

    For AI-related roles, employers are prioritizing verifiable, hands-on abilities over framed certificates -- and they're paying a premium for it.

  • Roadblocks in Enterprise AI: Data and Skills Shortfalls Could Cost Millions

    Businesses risk losing up to $87 million a year if they fail to catch up with AI innovation, according to the Couchbase FY 2026 CIO AI Survey released this month.

Most   Popular