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.

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