Oracle To BEA: 'Nice Try'

Friday Oct 26th 2007 by Staff

UPDATED: Oracle is sticking with its $17 per share bid which it says BEA has until Sunday to accept.


UPDATED: As they used to ask in Who Wants To Be A Millionaire – Is that your final answer?

In Oracle's case, apparently yes. The software giant said in a letter sent to BEA Systems board of directors Thursday that it would not increase its unsolicited acquisition offer of $17 per share and will withdraw the offer if it's not accepted by this Sunday.

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