BEA Moves Higher On New Takeover Rumors

Jul.12.07 | About: BEA Systems (BEAS)

BEA Systems (BEAS), a perennial subject of takeover rumors, appears to be getting a lift from the latest round of speculation that the enterprise software provider could be acquired.

Previous rumors have theorized acquisitions by Oracl (NYSE:ORCL), Hewlett-Packard (NYSE:HPQ), IBM (NYSE:IBM). The Web site says there is active trading in BEA options on the takeover talk.

BEAS 1-yr chart:
beas chart