REDWOOD SHORES, Calif. - Business software maker Oracle Corp. said Wednesday it agreed to buy BEA Systems Inc. for about $7.85 billion, a compromise price that ends a months-long dispute over the value of the software company.
The price represents a premium of 24 percent over BEA‘s closing share price of $15.58 on Tuesday.
Oracle said it expects BEA to add 1 cent to 2 cents per share to adjusted earnings in the first year after the deal closes. That requires stockholder and regulatory approval.
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