Filed under: Management, Engagements, Investments, Value and lack thereof

BEA Systems (NASDAQ: BEAS), received a proposal on 10/12/07 from Oracle (NASDAQ: ORCL) to be acquired for $17 a share in cash. ORCL announced on 10/23 “ORCL has no interest in a long, drawn-out process to acquire BEAS. If the BEAS board refuses to execute an acquisition agreement and refuses to let their shareholders vote, then our $17 per share proposal to acquire BEAS will expire at 5 p.m. on Sunday, October 28, 2007.” BEAS overall option implied volatility of 23 is below its 26-week average of 39 according to Track Data, suggesting decreasing risk.

Daily M&A Update is provided by Stock Specialist Paul Foster of theflyonthewall.com.

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This entry was posted on Tuesday, December 11th, 2007 at 9:08 pm and is filed under Management. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.