Oracle buys BEA for $8.5 billion
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BEA under pressure from its single biggest share holder Carl Icahn has tentatively accepted an $8.5 Billion offer($19.375 per share)
Oracle, the Redwood City software giant, said today it is buying BEA Systems of San Jose for $8.5 billion, ending a courtship that began last fall with BEA’s rejection of a lower offer for the middleware maker.
The announcement before the stock market opened sent BEA’s shares sharply up when trading started, up 19 percent to $18.53 a share. Oracle was slightly down at $21.29 a share.
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