Financial Times FT.com

Icahn criticises BEA over Oracle bid

By Richard Waters in San Francisco

Published: October 27 2007 03:30 | Last updated: October 31 2007 15:26

Activist investor Carl Icahn turned up the heat on BEA Systems on Friday, pressing the embattled software company to let shareholders decide on a $6.7bn bid from Oracle if no better offers emerge.

His call came after BEA had declared that it was quite prepared to let Oracle walk away rather than start negotiations at the price that is currently on the table.

You have viewed your allowance of free articles. If you wish to view more, click the button below.

Read this