Oracle is offering $17.00 per BEA share, a bid the BEA board almost immediately rejected as too low.
Investors clearly believe a higher bid will emerge, as BEA's share price shot up by $5.01, 37 percent, to $18.63, a full $1.63 higher than Oracle's offer.
So a bidding war is clearly anticipated, with HP Inc. (NYSE: HPQ) and IBM Corp. (NYSE: IBM) already identified as potential participants. Maybe SAP AG (NYSE/Frankfurt: SAP) will come out of the shadows and show its face. (See SAP's Rising in OSS.)
Oracle's stock initially rose this morning after news of its bid, but BEA's response and share price leap left Oracle's share price at $22.38, down by a few pennies from Thursday's close.
This looks like one that could run and run.
— Ray Le Maistre, International News Editor, Light Reading