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BEA counter-offer “impossibly high” says Oracle

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BEA has come back to bidder Oracle with a counter-offer of $21.00 per share, or $8,23-billion altogether – a price Oracle is calling "impossibly high". 

Earlier this month, Oracle put in a surprise bid to buy out the middleware vendor at $17.00 per share – slightly less than BEA's current trading price.
It gave BEA until the end of this week to accept or decline the offer.
BEA says it will accept the offer if Oracle ups the ante to $21.00, which doesn't look likely – so the two companies appear to be deadlocked again.
When the $17.00 offer was made on 9 October, it was 21% moer than the software company's closing price of the day before and about 31,5% higher that the 52-week average.
In correspondence, Oracle calls the R17.00 offer "generous" and the counter-offer of $21.00 an"impossibly high price".