Department of Justice Clears Oracle's Acquisition of BEA Systems
REDWOOD SHORES, Calif., Feb. 27 - Oracle Corporation (NASDAQ:ORCL) today announced that the U.S. Department of Justice and Federal Trade Commission have granted early termination of the Hart-Scott-Rodino (HSR) review period for Oracle's proposed acquisition of BEA Systems, Inc. (NASDAQ:BEAS). As previously announced, BEA has scheduled a special meeting of its stockholders, to be held at 10:00 a.m. Pacific time on Friday, April 4, 2008 to consider and vote on the proposed merger. The transaction still requires BEA stockholder approval and regulatory clearance from the European Commission and is subject to other closing conditions.
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Additional Information about the Merger and Where to Find it
In connection with the proposed merger, BEA has filed a preliminary proxy statement with the Securities and Exchange Commission (the "SEC"). Additionally, BEA and Oracle will file other relevant materials in connection with the proposed acquisition of BEA by Oracle pursuant to the terms of an Agreement and Plan of Merger by and among Oracle, Bronco Acquisition Corporation, a wholly-owned subsidiary of Oracle, and BEA. The materials filed by BEA with the SEC may be obtained free of charge at the SEC's web site at www.sec.gov/. Investors and security holders of BEA are urged to read the proxy statement and the other relevant materials when they become available before making any voting or investment decision with respect to the proposed merger because they will contain important information about the merger and the parties to the merger.
Oracle, BEA and their respective directors, executive officers and other members of its management and employees, under SEC rules, may be deemed to be participants in the solicitation of proxies of BEA stockholders in connection with the proposed merger. Investors and security holders may obtain more detailed information regarding the names, affiliations and interests of certain of Oracle's executive officers and directors in Oracle's most recent Form 10-K and in other relevant materials filed with the SEC when they become available. Information concerning the interests of BEA's participants in the solicitation, which may, in some cases, be different than those of BEA stockholders generally, is set forth in the materials filed with the SEC on Form 10-K and in the proxy statement.
FCMN Contact: deborah.hellinger@oracle.com
Source: Oracle Corporation
CONTACT: Deborah Hellinger of Oracle Corporate Communications,
+1-650-506-5158, deborah.hellinger@oracle.com,
Web site: http://www.oracle.com/
