BEAS in focus
Wednesday, January 16, 2008
BEA Systems shares are once again in focus in Wall Street after Oracle has raised its initial offer for the software developer. Early in the morning, Oracle agreed to lift its offer to $19.375 a share in cash, compared to the company's original bid last October of $17 a share. This new proposal to buy BEA, offers to shareholders a premium of 24% over BEA's closing price on Tuesday of $15.58. So, congratulations if you an investor that bought BEA shares yesterday, nice profit not so easy to make in nowadays.
Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical examples.
Labels: BEAS
