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Oracle to Buy BEA Systems for $19.375 Per Share Cash, BEA Halted and Oracle Down
(Midnight Trader Via Thomson Dialog NewsEdge) Boston, Jan 16, 2008 (MidnightTrader via COMTEX) --
BEA Systems (BEAS) asys it will be bought by Oracle (ORCL) for $19.375 per share in cash. The offer is valued
at approximately $8.5 billion, or $7.2 billion net of BEAS's cash on hand of
$1.3 billion.
The deal is expected to be accretive to ORCL's earnings by at least $0.01-$0.02 on a non-GAAP basis in its first full year after closing.
The deal is seen closing by mid-2008.
Price: 15.58, Change: 0, Percent Change: 0
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Copyright ? 2008 MidnightTrader.com. All rights reserved. Unauthorized reproduction is strictly prohibited. ********************************************************************** As of Saturday, 01-12-2008 23:59, the latest Comtex SmarTrend? Alert, an automated pattern recognition system, indicated an UPTREND on 09-14-2007 for BEAS @ $13.31. As of Saturday, 01-12-2008 23:59, the latest Comtex SmarTrend Alert, an automated pattern recognition system, indicated an UPTREND on 12-20-2007 for ORCL @ $22.27. For more information on SmarTrend, contact your market data provider or go to www.mysmartrend.com SmarTrend is a registered trademark of Comtex News Network, Inc. Copyright ? 2004-2008 Comtex News Network, Inc. All rights reserved.
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