Oracle (ORCL) Drops BEA Systems (BEAS) Bid
October 29, 2007 by Douglas A. McIntyreOracle (ORCL) dropped its $17-a-share bid for BEA Systems (BEAS) when a deadling set by the larger company passed.
"BEA shareholders should not assume that Oracle will renew its $17 per share offer in the future," Oracle said in a statement quoted by Reuters.
Now BEAS shareholders can watch their stock fall to $13.
Douglas A. McIntyre
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