BEA Systems is expected to let Oracle's US$6.7 billion buyout offer expire, as the two rivals dig their heels in deeper.
Oracle has warned BEA Systems that its US$6.7 billion buyout offer will expire on Sunday, unless the middleware company agrees to put its offer before shareholders for a vote.
Oracle announced Tuesday it completed its US$8.5 billion acquisition of BEA Systems, bringing to a close a contentious buyout effort that began last spring.
Oracle and BEA Systems have traded salvos over the series of events that led to Oracle's bid for the company.
Oracle late Friday said it has lowered its bid to acquire PeopleSoft to US$21 a share, saying the reduced bid "reflects changes in market conditions."
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