A big deal for IBM
IBM will pay $21 a share for Unica, a hefty premium over its Thursday closing price of $9.55. News of the acquisition sent Unica stock up 118 percent to close at $20.84 on the Nasdaq stock exchange yesterday. IBM shares were down 43 cents to close at $127.87 on the New York Stock Exchange.
Yesterday’s deal is one of many recent IBM deals. The company has spent $20 billion on acquisitions since Samuel J. Palmisano became chief executive eight years ago and apparently has no intention of slowing. Palmisano recently said IBM will dole out another $20 billion over the next five years to buy businesses.