Finance
Oracle snacks on BEA
It didn't take long for investor Carl Icahn to get his wish. Oracle offered a 25 percent premium for BEA, a $6.
It didn't take long for investor Carl Icahn to get his wish. Oracle offered a 25 percent premium for BEA, a $6.66 billion buyout. Icahn accumulated a 13.22 percent share of the company in recent weeks. BEA has some significant overlaps with Oracle in its middleware, but that hasn't stop Larry Ellison and team from buying companies like Siebel, PeopleSoft and J.D. Edwards. Oracle is playing the marketshare game, gobbling up companies like PacMan, whatever will expand the customer base in a rapidly consolidating market. More to come from the Irregulars...