Saturday, August 14, 2010

With $480m deal for Unica, Big Blue continues its big push in Bay State - The Boston Globe

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.

With $480m deal for Unica, Big Blue continues its big push in Bay State - The Boston Globe

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