Summary
Oracle Corporation (ORCL) has officially completed its acquisition of BEA Systems, Inc. through a merger completed on April 29, 2008. This significant transaction, previously announced on January 16, 2008, involved Oracle's subsidiary, Bronco Acquisition Corporation, merging with BEA Systems. Each outstanding share of BEA common stock was acquired for $19.375 in cash, without interest, marking a substantial cash outlay for Oracle. This acquisition is expected to bolster Oracle's product portfolio and market position within the enterprise software sector.
Key Highlights
- 1Oracle Corporation completed the acquisition of BEA Systems, Inc. on April 29, 2008.
- 2The acquisition was structured as a merger where BEA Systems became a wholly-owned subsidiary of Oracle.
- 3BEA Systems shareholders received $19.375 in cash for each share of common stock.
- 4The transaction was a significant cash-intensive deal for Oracle.
- 5The official announcement of the acquisition's completion was made via a press release filed as an exhibit.
- 6Detailed financial statements and pro forma information for the acquired business will be filed in an amendment within 71 days.