Oracle's president, Charles Phillips, has givenBEA's shareholders until Sunday to
vote on its offer to buy the company.
In an
open letter to BEA's Board of Directors, Phillips said that if
BEA doesn't "execute an acquisition agreement" and refuses to let
its shareholders vote, that
Oracle's share proposal of £8.50 per share would expire on
Sunday 28 October.
"Oracle has no interest in a long, drawn-out process to acquire
BEA," said Phillips in the letter.
When Computer Weekly asked Oracle to clarify if the letter meant
that it would withdraw its offer to buy BEA altogether, or whether
it meant it would withdraw just the offer at a price of £8.50, a
spokesman said he could not clarify its meaning.
A BEA spokeswoman said it could not comment on the matter.