Oracle Corp. (ORCL) announced that the U.S. Department of Justice and Federal Trade Commission have granted early termination of the Hart-Scott-Rodino or HSR review period for Oracle's proposed acquisition of BEA Systems, Inc. (BEAS).
BEA has scheduled a special meeting of its stockholders, to be held on April 4, 2008 to consider and vote on the proposed merger.
The transaction still requires BEA stockholder approval and regulatory clearance from the European Commission and is subject to other closing conditions.
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