Oracle Gets BEA After All

This time, Oracle got its way.

Just months after its $17-a-share offer for fellow software maker BEA Systems was rejected as too low, the target company has been convinced to be acquired in a sweetened deal.

Oracle said Wednesday it will buy BEA for about $19.38 a share in cash, or roughly $8.5 billion overall. While that's below the $21 BEA said last year that it wanted, it does surpass Oracle's original bid.

"The addition of BEA products and technology will significantly enhance and extend Oracle's Fusion middleware software suite," said Oracle CEO Larry Ellison, in a prepared statement.

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- Posted: 2008-01-16 10:02:12

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