Oracle: BEA Worth Less Than Original Offer
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Oracle Chief Executive Larry Ellison said on Wednesday that if his company were to make another offer for BEA Systems, it would be below its original $17-per-share offer.
Oracle, the world's number-three software maker, withdrew its bid on Oct. 28. BEA has said it would begin negotiations to sell the company with any suitor willing to start talks at $21 a share.
So far, BEA, a business software maker, has not disclosed that anybody has come forth with such a proposal.
"At $17 a share, it was a highly accretive transaction. Why were we buying them? For the money," he said. "If we made another offer, the price would be lower."