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Oracle-BEA Combination Is a Stronger SOA Alternative to Microsoft and .NET
It said this morning that it had reached a compromise price with BEA and that the acquisition would go through after all, having been resisted by BEA, demanded by BEA's biggest stockholder, the dangerous Carl Icahn, and walked away from by Oracle. Oracle is going to pay $19.375 a share, less than the $21 that BEA wanted but more than the $17 it put on the table back in October. That works out to $8.5 billion, less the $1.3 billion that BEA has in the bank, as Oracle pointed out, for a grand total of $7.2 billion cash to be paid for by a combination of cash on hand and a short-term loan. Oracle has $8.4 billion in the bank so the financing's no problem. Its original bid valued BEA at roughly $6.66 billion.
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