NEW YORK, Oct. 16, 2007 (PRIME NEWSWIRE) -- Roy Jacobs & Associates is investigating the conduct of BEA Systems, Inc. ("BEA" or the "Company") (Nasdaq:BEAS) management over its possible refusal to conduct an auction for the Company or negotiate with Oracle or any other qualified buyer to effect a transaction which is in the best financial interest of BEA's public shareholders.
On October 12, 2007, Oracle announced an unsolicited offer for BEA at $17.00 per share. BEA rejected the Oracle offer the same day, but has not announced an auction for the Company, or announced that it is negotiating with Oracle to raise the bid. Nor does it appear that the BEA board of directors has taken other appropriate action to maximize shareholder value.
If you currently hold BEA shares acquired prior to the announcement of the Oracle offer on October 12, 2007, and are interested in discussing your rights free of charge, please contact Roy L. Jacobs. Mr. Jacobs will speak with you personally at no cost or obligation.