BEA today told Oracle to go to hell, telling the database vendor that it would let the $17 per share acquisition offer expire.
Together with Oracle's refusal to raise its offer yesterday afternoon, investors now seem to have lost faith in on Oracle takeover. BEA stock closed at $16.50 today. A $17 dollar price would indicate that investors expected BEA to accept the deal. If they anticipated Oracle to raise its offer, you'd expect BEA stock to trade at more than $17.
What will be left on Sunday is a wounded BEA. The company can not reliably tell its customers that it is a viable long term investment. If its shareholders don't see that, they will likely receive a wake-up call in future earnings releases.
Why does Facebook store "my entire call history with my partner's mum", asks developer who requested his Facebook data
Facebook database included text-message metadata - despite not using Facebook Messenger for SMS
Before Ocado could start selling the technology it had developed to other retailers, it had to tear down and rebuild its own monolithic architecture
Successful attack could result in harm to patients and financial loss, warns NHS governing body
Guccifer 2.0 claimed to be a lone Romanian hacker - until a schoolboy error gave him, her or them away