$6.66B for BEA: Larry goes Shopping
Oracle has made a $17 per share offer to buy BEA. This putting a somewhat theatrical "number of the beast" valuation on BEA. Yesterday the stock was sitting at $13 and this morning it is at 18 and change representing a 30% jump. Obviously the crazy dude over at BEA is going to put up at least a simulacrum of a fight. Thinking of it, I expect Alfred "I am compensating for..." to put a heartfelt final battle into this, he has probably already super-glued his naked chest to the BEA boardroom table. It is going to get nasty and he will be dragged out kicking and screaming. Alfred will mumble something about not wanting to be Larry's power point bitch, or waxing his boat, or some other non-sense. But Larry is going to make sushi of that board and will feed it to the koi fish he has in his compound and cost more per head than Alfred's car... This one is going to be funny to watch. Pass the popcorn please. First, because of ICahn's shareholder activism, th
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PS Isn't this fun!?
Things are going way too fast and there is no sense in it all that I can discern. Also some times I feel like I should stick myself in a macro/micro week class from a UNI.
Re Wachovia, it is time to start thinking in reverse, it doesn't matter who is disappearing and it is going too fast. Plus we should really keep tabs on who is likely to emerge at this end of this consolidation phase. People used to call JPM and BofA. A few Europeans perhaps? The US of A is constantly complaining that EU subsidizes their industry, well here is an example where reciprocity will take a brand new socialist, protective meaning on behalf of the US. Of course, cro-manions are busy destroying this rescue on behalf of ideology.