BEA $13m relocation sweetener
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Ticket to ride BEA Systems is set to receive a $13m signing bonus for moving its HQ to San Jose's sprawling downtown from city fathers eager to woo Silicon Valley based businesses.â¦
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Antivirus vendor may pay $13 billion for the storage software company.
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BEA Systems reiterated on Friday that it would not accept&#160;Oracle&#39;s $17 per share acquisition bid, and also said it would allow&#160;a deadline Oracle had set for Sunday 5 p.m. PDT&#160;to expire.In a public statement -- just the latest salvo in merger talks that have had a distinctly icy quality -- BEA&#39;s vice president of planning and development, William Klein told Oracle President Charles Phillips that the company&#39;s offer was &quot;unacceptable.&quot;&#160;BEA has said it would accept a $21 per share bid.That would result in an $8.3 billion price tag for the company, significantly more than Oracle&#39;s offer, which works out to $6.7 billion. BEA&#39;s stock was trading at about $16.80 per share midday Friday.&quot;As fiduciaries, our Board cannot endorse a proposal that it has concluded significantly undervalues BEA,&quot; Klein said in the statement. &quot;We therefore assume that your proposal will expire on October 28.&quot;An Oracle spokeswoman could not immediately be reached for comment.
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Oracle has agreed to buy BEA Systems for around $8.5 billion, the two companies announced today.
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Beacon Capital Partners LLC has agreed to buy Bay Colony Corporate Center, a prominent office complex on Route 128 in Waltham, for $274 million, according to real estate executives involved in the deal.
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By Steve Brown, The Dallas Morning News  Feb. 15--One of the biggest employers in Dallas' Deep Ellum district is preparing to move to the 'burbs.   Yahoo Inc. has leased 46,000 square feet in Richardson's Telecom Corridor for its Dallas-area operation.
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Bee Staff Writer. Interstate Bakeries Corp., which operates a bakery in Sacramento and recently closed another here, filed Wednesday for bankruptcy reorganization.
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BEA Systems Inc  said on Thursday it is prepared to sell itself for $8.2 billion, which is a 24 percent premium to a bid from Oracle Corp  that the business software maker rejected.
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At an asking price of nearly $8 billion, BEA Systems was finally talked into an Oracle buyout. But with Oracle's long history of software buyouts, will it cut BEA -- and its many business customers -- enough slack?
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BEA Systems Inc  said on  Thursday it is prepared to sell itself for $8.2 billion, which  is a 24 percent premium to a bid from Oracle Corp  that  the business software maker rejected.
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The company said it planned a major job shift to cut costs, saying the reorganization will affect 1,650 jobs, or nearly 12 percent of its work force.
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Commercial real-estate developer Rouse (RSE ) agreed to be acquired by General Growth Properties (GGP ), the No. 2 US shopping-mall owner, in a $12.6 billion deal, which includes the assumption of $5.4 billion of existing debt. Terms: $67.50 cash per ...
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Fulfilling hopes that the new AirTrain hub to JFK airport would encourage growth in Jamaica, Queens, a Korean developer announced plans to build a 13-story building close by.
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Oracle has agreed to buy BEA Systems for about $8.5 billion, the companies announced Wednesday.The deal comes just three months after&#160;the middleware vendor turned down an earlier offer of $6.7 billion.Oracle hopes that acquiring middleware vendor BEA will&#160;allow it to improve its own middleware suite, Fusion.That middleware is key to helping customers migrate their systems to a services-oriented architecture (SOA), CEO Larry Ellison said in a conference call last month to discuss the company&#39;s earnings.With Fusion already able to link to BEA&#39;s WebLogic Java application server, the deal is likely to speed Oracle&#39;s adoption of Java-based middleware, the company said.Oracle&#39;s customers have been telling it for years to buy BEA, it said.However the members of BEA&#39;s board were less sold on the idea: They&#160;turned down an offer from Oracle of $17 per BEA share in October, saying it &quot;significantly undervalues BEA.&quot; Oracle in turn&#160;dismissed the BEA board&#39;s counter-offer of $21 per share as &quot;impossibly high&quot;.But on Wednesday the companies split the difference, and BEA&#39;s board announced it had unanimously approved Oracle&#39;s latest offer of $19.375 in cash per BEA share.The board accepted only after spending several months looking for other ways to maximize shareholder value, BEA&#39;s chairman and CEO Alfred Chuang said in a statement.The companies expect to close the deal by mid-year, subject to the approval of regulators and BEA shareholders.&#160;
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By Max B. Baker, Fort Worth Star-Telegram, Texas  Jun.
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Finally a use for BEA It's a head-scratcher of a deal. Two big names in the same market with overlapping offerings. Surely the only justification for spending so much money is to buy customers to leapfrog the industry number one.â¦
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Oracle has agreed to buy BEA Systems for about $8.5 billion, or $19.375 per share, the companies announced.