Oracle Cleared To Complete BEA Acquisition - InformationWeek
IoT
IoT
Software // Enterprise Applications
News
2/27/2008
03:05 PM
Connect Directly
Twitter
RSS
E-Mail
50%
50%
RELATED EVENTS
Data Tells: Dissecting Every Day Data
May 31, 2017
Join us as the author of the book "Everydata: The Misinformation Hidden in the Little Data You Con ...Read More>>

Oracle Cleared To Complete BEA Acquisition

The U.S. Justice Department and the Federal Trade Commission have given Oracle fast-track clearance to buy the middleware vendor.

Oracle has gained fast-track clearance from the U.S. Department of Justice and the Federal Trade Commission in its proposed acquisition of middleware vendor BEA Systems. The deal is valued at $8.5 billion.

It also means the requirements of the Hart-Scott-Rodino Antitrust Improvements Act's review period can be waived in the acquisition. The clearance will not necessarily result in a faster completion of the deal, since BEA officials have agreed to hold a special stockholder meeting April 4 to vote on the merger.

"The transaction still requires BEA stockholder approval and regulatory clearance from the European Commission," said an Oracle statement today on the closing phase of the deal.

BEA is the maker of the WebLogic Java application server and owner of Tuxedo, the C, C++, and Cobol transaction-processing monitor often used on high-end Unix systems. BEA was expanding a product line in business process management and service-oriented architecture when Oracle bid for the company. An initial takeover try last October was spurned by BEA management, but a second try in January netted the company $19.375 per share. The initial offer was $17.

Comment  | 
Print  | 
More Insights
Comments
Newest First  |  Oldest First  |  Threaded View
How Enterprises Are Attacking the IT Security Enterprise
How Enterprises Are Attacking the IT Security Enterprise
To learn more about what organizations are doing to tackle attacks and threats we surveyed a group of 300 IT and infosec professionals to find out what their biggest IT security challenges are and what they're doing to defend against today's threats. Download the report to see what they're saying.
Register for InformationWeek Newsletters
White Papers
Current Issue
2017 State of Data and Analytics
Today's companies are differentiating themselves using data analytics, but the journey requires adjustments to people, processes, technology, and culture. 
Video
Slideshows
Twitter Feed
InformationWeek Radio
Archived InformationWeek Radio
Join us for a roundup of the top stories on InformationWeek.com for the week of November 6, 2016. We'll be talking with the InformationWeek.com editors and correspondents who brought you the top stories of the week to get the "story behind the story."
Sponsored Live Streaming Video
Everything You've Been Told About Mobility Is Wrong
Attend this video symposium with Sean Wisdom, Global Director of Mobility Solutions, and learn about how you can harness powerful new products to mobilize your business potential.
Flash Poll