Oracle Buys BEA

Oracle said that it would acquire BEA Systems for $8.5 billion, just three months after BEA handily rejected its original unsolicited bid. The $19.38-a-share deal is 14 percent higher than Oracle’s original offer of $17, and spares both companies the sort of ordeal that accompanied Oracle’s hostile takeover bid for PeopleSoft in 2003

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    Geometric Pattern: Diamond Star: Light / Red Wolf

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