Oracle May Buy BEA Without Raising $6.7 Billion Bid |
| Bloomberg - Oct 29, 2007 |
Oracle Corp., the world's third- largest software maker, may land BEA Systems Inc. without raising the $6.7 billion hostile bid rejected by its California rival.
BEA's board says it wants more than $8 billion, and let Oracle's offer expire yesterday at 8 p.m. New York time. Because no other suitors have emerged, Oracle may renew its bid or offer a lower price than its $17 a share proposal, said Peter Goldmacher, a Cowen & Co. analyst in San Francisco.
``BEA is badly miscalculating Oracle's desire,'' said Goldmacher, who rates Oracle shares ``outperform'' and doesn't own them. ``Oracle doesn't need BEA. At some point, Oracle will buy these guys, but it's completely at Oracle's discretion.''
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- Posted: 2007-10-29 09:33:30
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