Oracle will buy BEA Systems?

Oracle proposed themselves to take control on BEA Systems. The BEA Systems Inc., which is a well known software market. The sum Oracle wants to invest in this business is of $6.66 billion. This sum is also for expanding their portfolio and to compete against their rival, SAP AG.
BEM makes software that supports business processes, such as supply chain management, billing and securities trading, by communicating between those programs and back-end systems, like databases.
Oracle has send a letter this week to BEA Systems managing board, in which they’ve written their offer of $17 per share, more then Thursday’s closing price, of $13.62. Last year, on 31 May, BEA Systems had more than 392 million outstanding shares.
Until now, BEA didn’t send any comment back to Oracle, because they are under pressure from Carl Icahn, the billionaire investor. The last one wants to buy the company for itself. On last week, he increased his stake in BEA Systems to 13.2 percent, or 51.8 million shares, from an 11 percent interest, previously.
Carl Icahn isn’t the only one who puts pressure on BEA. IBM Corp., which is based in Redwood Shores, makes pressure on BEM.
BEA Systems is the latest takeover target for Oracle, which was taken up more than 30 rival companies, in the last few years, under Larry Ellison managing.
Oracle is fighting for supremacy with SAP, the leading seller of business applications software, which helps companies manage their operations.

Tags: bea systems inc, target, oracle, larry ellison, carl icahn, business applications software, sap ag, redwood shores, managing board, software, crp news