Oracle Lets BEA Go
Oracle says BEA shareholders should not assume a new offer will be forthcoming.
So now what? Well, BEA's share price is down $0.49, nearly 3 percent, to $16.01 in pre-market trading Monday morning. And that's way down from the $18.63 that BEA's stock hit the day of Oracle's offer as investors smelled a potential bidding war.
There's also the prospect of a battle between investor Carl Icahn, who wants a sale to the highest bidder, and the BEA board. See this MarketWatch report for more details.
— Ray Le Maistre, International News Editor, Light Reading