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Icahn bolsters BEA stake through options exercise

WASHINGTON
Fri Oct 12, 2007 3:48pm EDT
Investor Carl Icahn speaks at the Wall Street Journal Deals & Deal Makers conference, held at the New York Stock Exchange, June 27, 2007. REUTERS/Chip East

WASHINGTON (Reuters) - Billionaire investor Carl Icahn reported on Friday that he exercised on October 10 about 34.5 million call options for BEA Systems Inc BEAS.O common stock.

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Icahn, who has been pressuring the software maker to put itself up for sale, said in a filing with the U.S. Securities and Exchange Commission that he exercised 8.5 million call options for $9 a share and 26.05 million call options for $7.50 a share.

The transactions brought his ownership in BEA stock to about 51.82 million shares, according to the SEC filing.

(Reporting by Karey Wutkowski)
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