TITLE

Oracle Snatches BEA for $8.5B

AUTHOR(S)
Schachter, Ken
PUB. DATE
January 2008
SOURCE
Red Herring;1/16/2008, p7
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the acquisition of BEA Systems by Oracle. Oracle has agreed to acquire BEA for $8.5 billion, or $19.38 per share, 14 percent more than its original $17 per share offer. It describes the impact of the deal on the share price of BEA and Oracle. The acquisition is in line with the efforts of Oracle to consolidate the business software arena. Bart Narter, an analyst at Celent, offers his outlook on the deal.
ACCESSION #
36962018

 

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