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BEA Acquires Plumtree For $200 Million
Filed in archive Enterprise Software by steve on August 23, 2005
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Platform vendor BEA, which has been sort of stuck as of recent (e.g., squeezed by IBM, JBoss, Oracle), has acquired leading portal vendor Plumtree for $200 million. Via SYS-CON Media:


Under
terms of the agreement, BEA will pay USD$5.50 per share, in cash, plus
the assumption of outstanding Plumtree options, for a total transaction
value of approximately $200 million. There is a $5.5 million dollar break-up fee involved in the transaction, and
the
acquisition is subject to regulatory approval, Plumtree shareholder
approval and other customary closing conditions. The transaction is
expected to close in the fall of calendar year 2005.

Upon
close of the transaction, Plumtree will become a part of a new BEA
product unit. BEA Chief Technology Officer and Executive Vice President
Mark Carges, and Plumtree Software Chief Executive Officer John Kunze,
will lead the transition.

Consolidation continues.



Steve Shu



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