King Kang

BEA Sets $21/Share Takeout Price, Oracle Rejects

I don't think I really see BEA's logic here. Yes, they were undervalued but the first offer of $17 per share was more than fair. $21 a share? No way. However, we should remember that Oracle did raise their bid for PeopleSoft, so a deal could still be done. I guess it just depends on how bad Oracle wants BEA. Probably using some of their backchannels to negotiate another deal right now www.newsvisual.com/new...

Oracle Bids $17/Share for BEA Systems

BEA is now saying that the offer from Oracle is too low. This seems a bit of stretch to me. I know BEA was undervalued, but not by this much. Could be the beginning of another bidding war. Well, if that does happen at least these backchannels for negotiations should remain open www.newsvisual.com/new...