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Oracle, BEA Systems clear waiting period hurdle
By Lisa Kerner
Charlotte, N.C., Feb. 27 - The Department of Justice and Federal Trade Commission granted early termination of the Hart-Scott-Rodino waiting period in the proposed merger of BEA Systems, Inc. and Oracle Corp., according to a BEA Systems news release.
As previously reported, Oracle agreed to acquire all outstanding shares of BEA Systems for $19.375 cash per share in a deal valued at about $8.5 billion.
BEA Systems shareholders are set to vote on the transaction at a special meeting on April 4.
Oracle is a Redwood City, Calif.-based enterprise software company.
BEA Systems is based in San Jose, Calif., and makes enterprise application and service infrastructure software.
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