French Paper Le Figaro reported Saturday that French-American enterprise-software developer Business Objects has asked Goldman Sachs to put it on the block. Sources say there are five interested parties, with SAP AG leading the pack. Both Business Objects and SAP declined to comment on the story. The paper said IBM and Oracle have been named as possible buyers in past speculation, though neither has been confirmed to be interested currently. But some analysts believe Business Objects will be a hard sell, with shares trading near a five-year high, and after the company offered weak guidance during last quarter's earnings. Shares are up 6.2% in pre-market action Monday morning.
Sources: Reuters, Thomson Financial, Dow Jones Newswires
Commentary: Business Objects Goes On the Block [24/7 Wall Street] • Business Objects Adopts The “Best-of-Breed” Approach • Business Objects Looks Great
Stocks/ETFs to watch: BOBJ, SAP, ORCL, IBM. Competitors: COGN
Earnings call transcript: Business Objects Q2 2007
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