Jeff Macke thinks Oracle will “crush BEAS in the marketplace” and come back to offer them a reduced price of $14 per share next year (Oracle’s original offer was for $17 per share which BEAS rejected, countering with $21 per share).
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Trader disclosure: On Nov. 15, 2007, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders: Macke owns (COH), (SWY), (HAS), (INTC), (ATVI); Najarian owns (MER) and is short (MER) options, owns (AMTD) options, owns (BHP) options, owns (C) options, owns (GS) options; Finerman’s firm owns Russell 2000 Puts, S&P 500 Puts, is short (IYR), (IJR), (MDY), (IWM), (SPY); Finerman’s firm owns (BEAS) Options, (COV), (KSS), (PLCE), (TYC); Finerman and her firm own (GS), (CROX), (HD), (KFT); Finerman’s firm is short (LEH) and owns (LEH) puts
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