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Oracle Drops $6.7B Offer for BEA Buyout

Software giant says renewal not impossible, but highly unlikely

By Zach Samalin, Newser Staff

Posted Oct 28, 2007 11:51 PM CDT

(Newser) – Software mogul Oracle made good today on its threat to drop a $6.7 billion offer to buy BEA systems, after the latter failed to meet the October 28 deadline. Oracle said BEA shareholders should "not assume" it will renew the offer, though it... Read full story »

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Oracle Drops $6.7B Offer for BEA Buyout

Software giant says renewal not impossible, but highly unlikely

Carl Icahn • mergers and acquisitions • Oracle • BEA Systems

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More Newser Stories

BEA Says It’s Worth $8.2B

Back-and-forth with Oracle continues; latter originally offered $6.7B for buyout

Economic Worries Propel Silicon Valley Deals

Oracle and Sun Microsystems may be only tip of the iceberg

Hewlett-Packard Nixes BEA Buy

ITer says it's best to remain neutral between software companies

Icahn: BEA Will Sell, or I Will Oust the Board

Firm now faces internal and external pressure to lower its price

Antsy Oracle Sets BEA Takeover Deadline

Software giant demands action on offer

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