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...