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May 10, 2007
BEA Up As Another Takover Candidate
M&A groups at the investment banks must be burning the midnight oil. It seems that so many stock movements these weeks are caused less by performance than rumors of takeovers.
Today an analyst at Citigroup speculates that a shares spike at BEA was caused by rumors that HP might be BEA. It would be a big gulp for HP as BEA has a market cap of $4.7B. Given HP's turmoil over the past year we expect this is too big a deal for HP to muster right now.
Posted by Paul at May 10, 2007 09:14 PM
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