Bad day for BEA after nixing Oracle bid

San Jose large-scale business software firm BEA Systems Inc. (BEAS) ended its day in Wall Street on a down note after telling Oracle Corp. (ORCL) that it would not accept Oracle’s $17-per-share takeover bid after Oracle issued a Sunday deadline on its offer, according to Marketwatch.com.

BEA’s stock closed 3.87 percent down, the largest share price drop among any of the 50 largest publicly-traded Bay Area companies tracked by The Examiner. It was also the most heavily-traded of those stocks, with 92.78 million shares traded at the close.

Apple Inc. (AAPL) continued its rise, closing the day with its share price up 6.77 percent. Other big local earners included Network Appliance Inc. (NTAP), SunPower Corp. (SPWR), Intuitive Surgical Inc. (ISRG), and Franklin Resources Inc. (BEN), all of whom saw share prices rise by more than 5 percent.

The market closed up overall, with the Dow up .81 percent, the Nasdaq up 1.65 percent and the S&P 500 up .88 percent.

businessBusiness & Real Estate

If you find our journalism valuable and relevant, please consider joining our Examiner membership program.
Find out more at www.sfexaminer.com/join/

Just Posted

The COVID-19 pandemic has prompted changes to The City's streets including Slow Streets closures to increase open space access and the Shared Spaces program, which allows businesses to use public right-of-ways for dining, retail and services. (Examiner illustration)
COVID is reshaping the streets of San Francisco

Walk down Page Street, which is closed to thru-traffic, and you might… Continue reading

At a rally in February, Monthanus Ratanapakdee, left, and Eric Lawson remember Vicha Ratanapakdee, an 84-year-old Thai man who died after he was pushed to the pavement in San Francisco. (Ekevara Kitpowsong/Examiner file photo)
The criminal justice system can’t fix what’s wrong in our community

My 87-year-old mother walks gingerly, slowly, deliberately, one step in front of… Continue reading

Superintendent Vincent Matthews said some students and families who want to return will not be able to do so at this time. “We truly wish we could reopen schools for everyone,” he said. (Kevin N. Hume/S.F. Examiner)
SFUSD sets April reopening date after reaching tentative agreement with teachers union

San Francisco Unified School District has set April 12 as its reopening… Continue reading

José Victor Luna and Maria Anabella Ochoa, who cite health reasons for continuing distance learning, say they have been enjoying walking in Golden Gate Park with their daughters Jazmin, a first grader, and Jessica, a third grader. (Kevin N. Hume/S.F. Examiner)
Some SFUSD families prefer distance learning

Health issues, classroom uncertainties among reasons for staying home

Most Read