Roy Jacobs & Associates Investigating Possible Wrongful
Conduct by BEA Systems, Inc. Management Concerning Oracle
Buyout Offer
NEW YORK, Oct. 16, 2007 LAWFUEL – The Legal Newswire — Roy Jacobs & Associates is
investigating the conduct of BEA Systems, Inc. (“BEA” or the “Company”)
(Nasdaq:BEAS) management over its possible refusal to conduct an
auction for the Company or negotiate with Oracle or any other qualified
buyer to effect a transaction which is in the best financial interest
of BEA’s public shareholders.
On October 12, 2007, Oracle announced an unsolicited offer for BEA at
$17.00 per share. BEA rejected the Oracle offer the same day, but has
not announced an auction for the Company, or announced that it is
negotiating with Oracle to raise the bid. Nor does it appear that the
BEA board of directors has taken other appropriate action to maximize
shareholder value.
If you currently hold BEA shares acquired prior to the announcement of
the Oracle offer on October 12, 2007, and are interested in discussing
your rights free of charge, please contact Roy L. Jacobs. Mr. Jacobs
will speak with you personally at no cost or obligation.
