Oracle Corporation Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by Oracle Corporation on April 29, 2008. The report details the completion of a significant corporate transaction involving the acquisition of BEA Systems, Inc.
Key Financial Metrics
The filing does not provide specific revenue, profit, cash flow, margin, debt, or liquidity figures for Oracle or BEA. The primary financial metric disclosed is the transaction consideration.
- Acquisition Price: $19.375 in cash per share of BEA common stock.
- Payment Terms: Cash payment without interest.
Material Changes
On April 29, 2008, Oracle completed the merger of Bronco Acquisition Corporation (a wholly-owned subsidiary) with and into BEA Systems, Inc. BEA survived the merger as a wholly-owned subsidiary of Oracle. All outstanding BEA shares (excluding treasury shares and those owned by Oracle or the Merger Subsidiary) were cancelled and converted into the right to receive the cash consideration.
Guidance, Outlook, and Risks
The filing does not contain updated financial guidance, management outlook, or specific risk factors related to the acquisition. It notes that required financial statements of the business acquired and pro forma financial information will be filed by amendment within 71 calendar days after the date this report must be filed.
Key Facts for Investor Verification
- Verify the total aggregate cash consideration paid for BEA Systems based on the outstanding share count.
- Monitor the upcoming amendment filing (within 71 days) for the required financial statements and pro forma financial information.
- Review the attached press release (Exhibit 99.1) for additional strategic commentary on the integration of BEA.