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International Business Machines Corp (IBM.N)

IBM.N on New York Stock Exchange

121.13USD
10 Dec 2018
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Mon, Dec 10 2018

2nd Circuit revives lawsuit over IBM employee stock plan

A U.S. appeals court on Monday revived a lawsuit accusing IBM Corp of causing a drop in the value of its employee stock option plan by failing to disclose that one of its divisions was overvalued, but refrained from issuing a broader ruling on the standard for weighing such claims.

In biggest Indian IT deal, HCL Tech to buy $1.8 billion of IBM software

MUMBAI/BENGALURU HCL Technologies will buy some software assets from U.S.-based IBM Corp for $1.8 billion, the companies said on Friday, marking the largest purchase ever by an Indian IT services firm.

UPDATE 3-In biggest Indian IT deal, HCL Tech to buy $1.8 bln of IBM software

* HCL eyes growth opportunity in commerce, security, marketing

IBM to sell some of its software products to HCL for $1.8 bln

Dec 6 International Business Machines Corp said on Thursday it will sell some of its software products business to HCL Technologies for $1.80 billion.

IBM a top bridge loan borrower with Red Hat buy

NEW YORK (LPC) - IBM Corp’s $20 billion loan supporting the information technology company’s purchase of US software company Red Hat Inc is one of the largest ever bridge loans for a US investment grade company and banks are keen to lend after several quiet months for big mergers and acquisitions. 

CORRECTED-BRIEF-Red Hat will be obligated to pay IBM a deal termination fee of $975 Mln

* RED HAT - IF DEAL TERMINATED UNDER SOME SPECIFIC CONDITIONS, CO SHALL BE OBLIGATED TO PAY TERMINATION FEE OF $975 MILLION - SEC FILING Source text: https://bit.ly/2SrvVK5 Further company coverage:

Red Hat jumps, IBM shares dip on cloud mega-merger

IBM Corp's $34 billion deal to buy Red Hat Inc drove shares in the small but fast-growing software maker about 50 percent higher on Monday, reflecting the huge premium IBM is paying to ward off any potential challenger bids. | Video

UPDATE 2-Red Hat jumps, IBM shares dip on cloud mega-merger

* BREAKINGVIEWS-IBM overpays for relevance with $34 bln deal (Adds details on deal, updates share prices)

Red Hat jumps, IBM shares dip on cloud mega-merger

Oct 29 IBM Corp's $34 billion deal to buy Red Hat Inc drove shares in the small but fast-growing software maker 50 percent higher on Monday, reflecting the huge premium IBM is paying to ward off any potential challenger bids.

IBM to acquire software company Red Hat for $34 billion

IBM Corp said on Sunday it had agreed to acquire U.S. software company Red Hat Inc for $34 billion, including debt, as it seeks to diversify its technology hardware and consulting business into higher-margin products and services. | Video

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