International Business Machines Corp (IBM.N)
10 Dec 2018
Mon, Dec 10 2018
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.
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.
* HCL eyes growth opportunity in commerce, security, marketing
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.
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.
* 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:
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
* BREAKINGVIEWS-IBM overpays for relevance with $34 bln deal (Adds details on deal, updates share prices)
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 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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