Oracle Offer for BEA Expires

Oracle's offer to acquire BEA at a price of $17 a share -- or $6.7 billion -- expired on Sunday, and Oracle has withdrawn the offer. Oracle has also responded to BEA's putative counteroffer of $21 a share, or about $8.3 billion, by saying that it was "impossibly high."

Still, most industry observers believe that a deal will happen sooner or later. BEA continues to perform below expectations, and investor Carl Icahn, who owns about 12 percent of the company, has complained about the board's response to the Oracle offer. And it's telling that no other company has come forward with a competing offer.

Oracle has made a lot of big acquisitions in the past several years. Do you think it's ready for another? Give me your Oracle story at pvarhol@redmondmag.com.

Posted by Peter Varhol on October 30, 2007 at 11:57 AM


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