SAN FRANCISCO -- Oracle(ORCL Quote) tried to pull off a shotgun wedding by disclosing Friday that it had made an acquisition offer to BEA Systems(BEAS Quote).
But Oracle's apparent hope that investors would rush BEA to the altar has yet to materialize.
Shares in middleware developer BEA, which has been revisiting its earnings reports from the past several years, have been stalled this year by the company's limbo status. And as BEA prepared to wrap up financial restatements, Oracle jump-started what still may become a bidding war, trying to force BEA's hand while the stock still looked cheap.
Once BEA's filings are up to date, investors will have a clearer picture of its earnings outlook. They would likely have bid up the stock even without an initial offer from Oracle. ...
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