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

Mediation between Windstream and spinoff Uniti Group ended as both parties are too far apart on talks that are key to their respective futures.

GTT Communications reported a loss of $26.2 million in its third quarter compared to a net loss of $23.4 million in the same quarter a year ago.

Huawei said on Tuesday that it would give its employees $286 million in cash bonuses as a reward for weathering the U.S. trade blacklisting.