BEA stays in M&A hunt

BEA Systems rebuffed a $17-per-share acquisition bid from Oracle, arguing that the company is worth at least $21 per share. Oracle isn't buying that argument, or the company, at least for now. But, BEA investor Carl Icon has been and still is urging BEA management to find a buyer. The telecom software landscape has been a busy consolidation arena in the last few years, but after Oracle, the list of prospective buyers for BEA trails off fairly quickly.

For more:
- Read this report in The San Jose Mercury News

Suggested Articles

With the hurricane season looming large starting next month, Verizon is taking extra steps to keep its business and residential customers connected.

Telefónica's cybersecurity company, ElevenPaths, announced on Tuesday that it has achieved Amazon Web Services Security Competency status.

In the most recent earnings calls, some telecommunications executives expressed their concern over how the COVID-19 crisis was impacting SMBs.