Oracle: BEA No Longer Worth $6.7bn
News If Oracle renews its bid for rival BEA Systems, it would come in at a price below its initial offer of $17 (£8) a share, the company told analysts on Wednesday. Larry Ellison, Oracle's chief executive, said the initial $6.7bn or $17-a-share, offer...
[November 16, 2007, 7:29]
Oracle Withdraws BEA Buyout Bid
News Oracle on Sunday pulled its $6.7bn (£3.3bn) buyout offer for BEA Systems, after the middleware maker refused to entertain its $17-a-share bid before the deadline expired. In a statement, after its 5pm PST Sunday deadline passed, Oracle said BEA...
[October 29, 2007, 7:21]
Oracle Warns BEA: Decide By Sunday
News Oracle has warned BEA Systems that its $6.7bn buyout offer will expire on Sunday, unless the middleware company agrees to put its offer before shareholders for a vote. In announcing the deadline, Oracle said on Tuesday it has no interest in a...
[October 24, 2007, 8:43]
BEA Sets Buyout Terms
News BEA Systems said on Thursday that it's willing to sit at the negotiating table with any potential buyers — if they're open to a price of $21 (£10) a share to start acquisition talks. The announcement comes as the enterprise software maker is...
[October 25, 2007, 16:35]
BEA Under Pressure To Get Financials In Order
News BEA Systems is under the gun to get its financial restatements in order before its largest shareholder, Carl Icahn, calls an annual shareholders meeting. Icahn, however, would be able to send shareholders proxy cards that list his four candidates...
[November 5, 2007, 10:08]
BEA Offers Icahn Access To Financial Documents
News BEA Systems announced on Monday that Carl Icahn can review its confidential financial documents, as the company seeks to convince its largest individual investor that it's worth more than a $6.7bn (£3.2bn) buyout offer from Oracle.
[November 6, 2007, 9:04]
