Guide Note:

In January 2008, Oracle reached a deal to buy competitor BEA Systems for a reported $8.5 billion. The price paid represents a 24% premium of the, then, stock price of BEA. During a conference CEO Larry Ellison stated, "for Oracle, this deal is a very big step towards completing our [goal] of being a strategic software vendor of choice for our customers."

Fast Facts:

Offer represents a $19.38 per share price of BEA
BEA rejected an earlier price of $17 per share
BEA originally said it would consider $21 per share
BEA's largest shareholder Carl Icahn urged a sale
Acquisition means Oracle will be the No. 2 player in the middleware market

Oracle Fast Facts:

Stock symbol: ORCL, NASDAQ
Established in 1977
Founder: Larry Ellison Bob Miner and Ed Oates
Annual Revenue (2007): $17.996 billion

BEA Fast Facts:

Stock Symbol: BEAS, NASDAQ
Established in 1995
Founder: Alfred Chuang

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Oracle/BEA System Bid

Also try: BEA Systems | Oracle

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Oracle/BEA System Bid News

Google News: Oracle
CNN Money: Oracle, BEA Systems in $8.5b Software Merger (January 16, 2008)
"Oracle agreed to pay $19.375 in cash for each share of BEA, representing a 24 percent premium to where BEA's shares closed Tuesday."

Computer World: Oracle buying BEA Systems in $8.5B deal (January 16, 2008)
TheStreet.com: Oracle Gets BEA After All (January 16, 2008)
Bloomberg.com: Oracle Offers to Buy BEA Systems for $6.7 Billion (October 12, 2007)
MarketWatch: Oracle offers to buy BEA Systems for $6.7 billion (October 12, 2007)
CNETNews.com: The benefit to BEA of an Oracle buyout (October 12, 2007)
New York Times: Ellison Just Keeps Acquiring (October 12, 2007)

Oracle/BEA System Bid Blogs and Commentaries

The Software Insiders Point of View: Oracle BEA Amicably Agree To $8.5B Deal (January 16, 2008)
TheDeal.com: Oracle gets BEA for $19.38 per share (January 16, 2008)
BloggingStocks: Oracle (ORCL) flat after BEAS offer (October 12, 2007)
Barron's: Oracle Offers $17 A Share For BEA (October 12, 2007)
TheStreet.com: Oracle Bids for BEA (October 12, 2007)
Seeking Alpha: Oracle Bids $17/Share for BEA Systems (October 12, 2007)

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Oracle | BEA Systems

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