BEA Systems sets meeting date for Oracle merger vote

By Lisa Kerner

Charlotte, N.C., Feb. 25 - BEA Systems, Inc. shareholders will vote on the company's acquisition by Oracle Corp. at a special meeting on April 4 at 1 p.m. ET.

The record date for the meeting is Feb. 28, a company news release stated.

In January, Oracle announced it would acquire all outstanding shares of BEA Systems for $19.375 cash per share in a deal valued at about $8.5 billion, or $7.2 billion net of BEA Systems' cash on hand of $1.3 billion.

Affiliates of Carl C. Icahn holding some 13% of BEA Systems' common stock agreed to vote their BEA Systems shares in favor of the merger, it was previously reported.

BEA Systems is based in San Jose, Calif., and makes enterprise application and service infrastructure software.

Oracle is a Redwood City, Calif.-based enterprise software company.

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