Oracle buys BEA for $8.5 billion
Business software maker(BEAS.O) has agreed to be acquired by (ORCL.O) for $8.5 billion, the companies said on Wednesday.
will pay $19.375 per share, a premium to its offer last year of $17 per share, which BEA had rejected as too low. At the time, BEA said it was worth $21 a share and said it was willing to talk to potential buyers, though none emerged.
Oracle said the deal, valued at $7.2 billion net of cash on hand of $1.3 billion, would increase its adjusted earnings per share by at least 1 cent to 2 cents in the first full year after closing."