Oracle Letter Proposes to Buy BEA Systems for $17.00 per Share in Cash
2007-10-18 09:19
465 查看
REDWOOD SHORES, Calif., 12-OCT-2007 03:30 AM Oracle Corporation (NASDAQ: ORCL) today confirmed that it delivered a letter to the Board of Directors of BEA Systems, Inc. (NASDAQ: BEAS) on October 9 in which Oracle proposes to acquire BEA for $17.00 per share in cash. The $17.00 per share offer is a 25% premium over yesterday's closing price of $13.62.
The letter indicates that Oracle is prepared to proceed immediately to a process that leads to a definitive agreement. "We have made a serious proposal including a substantial premium for BEA," said Oracle President Charles Phillips. "We believe our all cash offer provides the best value for BEA's shareholders and the best home for BEA's employees and customers. This proposal is the culmination of repeated conversations with BEA's management over the last several years. We look forward to completing a friendly transaction as soon as possible."
"We intend to protect the investment customers have made in BEA's products by supporting those customers and products for years to come," Phillips continued. "Our continuing support commitment has been amply demonstrated with all of our previous acquisitions, including PeopleSoft and Siebel. BEA will be no different. The acquisition of BEA by Oracle will enable an increase in engineering resources that will in-turn accelerate the development of our world-class suite of middleware. Both Oracle and BEA customers will benefit from this increase in engineering investment as they migrate to modern SOA technologies."
The letter indicates that Oracle is prepared to proceed immediately to a process that leads to a definitive agreement. "We have made a serious proposal including a substantial premium for BEA," said Oracle President Charles Phillips. "We believe our all cash offer provides the best value for BEA's shareholders and the best home for BEA's employees and customers. This proposal is the culmination of repeated conversations with BEA's management over the last several years. We look forward to completing a friendly transaction as soon as possible."
"We intend to protect the investment customers have made in BEA's products by supporting those customers and products for years to come," Phillips continued. "Our continuing support commitment has been amply demonstrated with all of our previous acquisitions, including PeopleSoft and Siebel. BEA will be no different. The acquisition of BEA by Oracle will enable an increase in engineering resources that will in-turn accelerate the development of our world-class suite of middleware. Both Oracle and BEA customers will benefit from this increase in engineering investment as they migrate to modern SOA technologies."
相关文章推荐
- 四 错误处理篇 How to Fix Login Failed For User NT AUTHORITY IUSRS in SharePoint 2013 ...
- Oracle 10g 异常:ORA-01658:unable to create INITIAL extent for segmnet in tablespace SYSTEM
- (转)How to use udev for Oracle ASM in Oracle Linux 6
- How to delete a large number of data in SharePoint for List when refreshing data?
- How to redirect to a Custom Page for Event Receiver in SharePoint 2010
- How to delete a large number of data in SharePoint for List when refreshing data?
- SPJS Upload for SharePoint: Custom upload page for uploading documents to various document libraries in a site collection
- How to use udev for Oracle ASM in Oracle Linux 5
- Oracle Responds to BEA Letter - An email from President of Oracle
- Database Performance: How to reduce "library cache: mutex X" waits for scalability in the Oracle dat
- How to use udev for Oracle ASM in Oracle Linux 6
- How to install oracle 10g for Linux in ubuntu
- Oracle is #1 in the RDBMS Market Share Worldwide for 2012
- How to use udev for Oracle ASM in Oracle Linux 6 怎样使用udev在linux 6系统上使用asm
- Oracle 10g 异常:ORA-01658:unable to create INITIAL extent for segmnet in tablespace SYSTEM
- oracle for in loop 两例
- UDEV SCSI Rules Configuration for ASM in Oracle Linux 5 and 6
- Oracle - ORA-30036: unable to extend segment by 8 in undo tablespace 'UNDOTBS1'
- 直接插入 - An Insecure JSON Data Transference from C# Server Page to Smart Devices Case Share
- How to Succeed in Graduate School: A Guide for Students and Advisors-2