BEA's patience pays off as Larry Ellison's business software giant hikes bid from original $6.7 billion offer.
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Financier Carl Icahn, BEA’s largest shareholder, has been pushing for a sale, though he has labeled Oracle’s initial bid as too low. Now, BEA's board has come back with a counter-offer for Larry Ellison & Co.
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Larry Ellison is at it again. Oracle sent a letter on Tuesday urging BEA's board to allow a shareholder vote on an acquisition proposal. Financier Carl Icahn, while calling Oracle’s initial bid too low, is pressuring BEA management to sell the company.
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