1/16/2008

Oracle to Buy BEA for $7.85 Billion

Filed under: — By Aviran Mordo @ 10:53 am

Business software maker Oracle Corp. said Wednesday it agreed to buy BEA Systems Inc. for about $7.85 billion, a compromise price that ends a months-long dispute over the value of the software company.

Oracle agreed to pay $19.375 per share for BEA, which makes “middleware,” the computer coding that helps business applications interact more smoothly with databases. The price is based on 405.3 million outstanding BEA shares as of Nov. 30. Oracle put the total price of the deal at $8.5 billion.

The price represents a premium of 24 percent over BEA’s closing share price of $15.58 on Tuesday.

 

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