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May. 2, 2012 03:40 PM EDT
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Java News Desk ORACLE-BEA - "BEA's Business Might Materially Weaken," Warns Spurned Oracle
Oracle Proposal to Acquire BEA Systems Expires
By: Oracle News Desk
Nov. 17, 2007 12:15 PM
The statement then paves the way for the next steps Oracle may decide to take: "Oracle is not currently engaged in a solicitation of proxies or consents from the stockholders of BEA. However, in connection with its proposal to acquire BEA, certain directors and officers of Oracle may participate in meetings or discussions with BEA stockholders. Oracle does not believe that any of these persons is a "participant" as defined in Schedule 14A promulgated under the Securities Exchange Act of 1934, as amended, in the solicitation of proxies or consents, or that Schedule 14A requires the disclosure of certain information concerning any of them."
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(October 29, 2007) - "BEA shareholders should not assume that Oracle will renew its $17 per share offer in the future," thundered an announcement dispatched to the wires yesterday by Oracle just hours after the lapse of its 5PM Pacific Time deadline for the acceptance by BEA shareholders of its $6.7BN unsolicited bid for the company. "Over the last twenty days the BEA Board has repeatedly rejected our offer and refused to meet with us," the statement noted.
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