BEA Systems (BEAS) - Undiscovered Growth Stock Message Board

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Technology Stocks : BEA Systems (BEAS) - Undiscovered Growth Stock

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To: Jim Oravetz who wrote (2431)	10/21/2005 12:51:16 PM
From: Jim Oravetz	Read Replies (1) of 2477

BEA Sys Closes Acquisition Of Plumtree Software DOW JONES NEWSWIRES October 20, 2005 11:02 p.m. SAN JOSE, Calif. -- BEA Systems Inc. (BEAS) closed its $204 million acquisition of Plumtree Software Inc. (PLUM) Thursday. In a press release, BEA said it acquired all of the outstanding common stock and vested options of Plumtree in exchange for $5.50 per share in cash for the outstanding common shares and $5.50 per share less the exercise price for the vested options. In addition, all outstanding unvested options to purchase Plumtree common stock were automatically converted into options to purchase about 1.8 million shares of BEA common stock. Plumtree Software provides enterprise portal products to connect disparate work groups, IT systems and business processes. BEA said by combining the Plumtree and BEA portal portfolios, the company will be providing the most open and comprehensive products for allowing customers to leverage portal technologies as part of their Service-Oriented Architecture while being free to choose how best to mix-and-match applications servers, operating systems, development environments and programming languages to meet their business needs. Plumtree will become a new BEA product unit led by Mark Carges, BEA chief technology officer and executive vice president. The acquisition was approved by Plumtree's stockholders at a meeting held today.

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