BEA Announces Stockholder Approval of Merger With Oracle Corporation
04 Abril 2008 - 2:30PM
PR Newswire (US)
SAN JOSE, Calif., Apr. 4, 2008 /PRNewswire-FirstCall/ -- BEA
Systems, Inc. (NASDAQ:BEAS), a world leader in enterprise
infrastructure software, today announced that at a special meeting
of stockholders held on April 4, 2008, its stockholders adopted the
Agreement and Plan of Merger, dated January 16, 2008, among BEA,
Oracle Corporation and Bronco Acquisition Corporation, pursuant to
which BEA will become a wholly-owned subsidiary of Oracle.
Approximately 99.9% of the shares of BEA common stock entitled to
vote and present at the special meeting were voted to adopt the
Agreement and Plan of Merger, constituting approximately 68.6% of
the outstanding shares of BEA common stock. The transaction still
requires regulatory clearance from the European Commission and is
subject to other closing conditions. BEA and Oracle anticipate that
the merger will close soon after receiving clearance from the
European Commission. Unless the European Commission decides that an
additional review period is necessary, BEA and Oracle currently
expect to receive clearance of the transaction at the completion of
the European Commission's Phase I review period which ends on April
30, 2008. About BEA Systems, Inc. BEA Systems, Inc. (NASDAQ:BEAS)
is a world leader in enterprise infrastructure software.
Information about how BEA helps customers build a Liquid
Enterprise(TM) that transforms their business can be found at
bea.com. Copyright 1995-2007, BEA Systems, Inc. All rights
reserved. BEA, BEA AquaLogic, BEA eLink, BEA WebLogic, BEA WebLogic
Portal, BEA WebLogic Server, Connectera, Compoze Software, Jolt,
JoltBeans, JRockit, SteelThread, Think Liquid, Top End, Tuxedo, and
WebLogic are registered trademarks of BEA Systems, Inc. BEA Blended
Application Development, BEA Blended Development Model, BEA Blended
Strategy, BEA Builder, BEA Guardian, BEA Manager, BEA MessageQ, BEA
microService Architecture, BEA SOA 360, BEA Workshop, BEA WorkSpace
360, Signature Editor, Signature Engine, Signature Patterns,
Support Patterns, Arch2Arch, Arch2Arch Advisor, Dev2Dev, Dev2Dev
Dispatch, Exec2Exec, Exec2Exec Voice, IT2IT, IT2IT Insight,
Business LiquidITy, and Liquid Thinker are trademarks of BEA
Systems, Inc. BEA Mission Critical Support, BEA Mission Critical
Support Continuum, BEA SOA Self Assessment, and Fluid Framework are
service marks of BEA Systems, Inc. All other company and product
names may be the subject of intellectual property rights reserved
by third parties. All other trademarks are the property of their
respective companies. Cautionary Statement Regarding
Forward-Looking Statements This document contains certain
forward-looking statements about BEA that are subject to risks and
uncertainties that could cause actual results to differ materially
from those expressed or implied in the forward-looking statements.
These factors include, but are not limited to, the occurrence of
any event, change or other circumstances that could give rise to
the termination of the merger agreement; the outcome of any legal
proceedings that may be instituted against BEA and others following
announcement of the proposal or the merger agreement; the inability
to complete the merger due to the failure to obtain stockholder
approval; the inability to obtain necessary regulatory approvals
required to complete the merger; the risk that the proposed
transaction disrupts current plans and operations and the potential
difficulties in employee retention as a result of the merger; the
ability to recognize the benefits of the merger or of any
combination of BEA and Oracle; the timing of the initiation,
progress or cancellation of significant contracts or arrangements;
the mix and timing of services sold in a particular period; and the
possibility that BEA may be adversely affected by other economic,
business, and/or competitive factors. BEA is under no duty to
update any of the forward-looking statements after the date of this
document to conform to actual results. These and other risks are
set forth in the "Risk Factors," "Legal Proceedings" and
"Management's Discussion and Analysis of Financial Condition and
Results of Operations" sections of and elsewhere in BEA's Form 10-K
for the year ended January 31, 2008 that was filed with the
Securities and Exchange Commission on March 28, 2008. Many of the
factors that will determine the outcome of the subject matter of
this release are beyond BEA's ability to control or predict.
DATASOURCE: BEA Systems, Inc. CONTACT: Investors, Kevin Faulkner,
+1-408-570-8293, , or Media and Industry Analyst, Kevin Hayden,
+1-408-570-8017, , both of BEA Systems, Inc. Web site:
http://www.bea.com/
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