Oracle to Acquire BEA Systems

Jan 18, 2008


      Bookmark and Share

BEST PRACTICES SERIES

Oracle Corporation and BEA Systems have entered into a definitive agreement under which Oracle will acquire all outstanding shares of BEA for $19.375 per share in cash. The offer is valued at approximately $8.5 billion, or $7.2 billion net of BEA's cash on hand of $1.3 billion. The board of directors of BEA Systems has unanimously approved the transaction. It is anticipated to close by mid-2008, subject to BEA stockholder approval, certain regulatory approvals and customary closing conditions.

(www.oracle.com, www.bea.com)