Bank on Banking » IBM http://www.bankonbanking.com Ins & Outs...Tips & Tricks...Strategy - Break into Investment Banking and Thrive Sat, 13 Aug 2011 03:28:07 +0000 en hourly 1 http://wordpress.org/?v=3.2.1 Mergers News: IBM Making a Move http://www.bankonbanking.com/2009/07/28/mergers-news-ibm-making-a-move/ http://www.bankonbanking.com/2009/07/28/mergers-news-ibm-making-a-move/#comments Wed, 29 Jul 2009 01:10:47 +0000 IBanker http://www.bankonbanking.com/?p=523 b-man-giving-moneyIBM has agreed to buy the software developer SPSS for $1.2 billion in an all-cash big time offer (in this market, anything north of $1 billion is big time). SPSS makes software that analyzed statistical data to cast predictions on everything from scientific research to marketing, government and even education. The $50 per share offer promises a 42% premium over SPSS’ closing price (7/27/09); the deal is expected to close by year end.

With anticipated growth in the field, IBM seems to believe they are getting a bargain (although $50 per share will be the highest price the stock has ever seen) and is eager to expand its position in the business-analytics technology space. If nothing else, this acquisition will further prove just how cash armed and purchase-ready tech firms are becoming in this, perhaps, cheap market.

IBM goes big…well…at least they’re going

]]> http://www.bankonbanking.com/2009/07/28/mergers-news-ibm-making-a-move/feed/ 0