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This is the most important acquisition for IBM. Jenny Rommetti, general manager of the company, confirms the development of its software offerings by the company in the face of slowing software sales and shrinking demand for consumer PCs..
IBM, with a market capitalization of $ 114 billion, will pay $ 190 in cash per share at Red Hat, an increase of 62% from Friday's closing price..
"The acquisition of Red Hat will change the rules of the game," Rommetti said in a statement. "IBM to become the world's leading private and public cloud computing company"He said.
The transaction should be finalized by IP. (NYSE: EMT) in the second half of 2019. IBM has announced its intention to terminate its stock repurchase program in 2020 and 2021 in order to help finance the transaction..
Jim Whitehurst will continue to serve as Chief Executive Officer of Red Hat and IBM 's current board of directors will continue to play its role, IBM said. IBM intends to maintain the headquarters, facilities, brands and methods of Red Hat.
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This is the most important acquisition for IBM. Jenny Rommetti, general manager of the company, confirms the development of its software offerings by the company in the face of slowing software sales and shrinking demand for consumer PCs..
IBM, with a market capitalization of $ 114 billion, will pay $ 190 in cash per share at Red Hat, an increase of 62% from Friday's closing price..
"The acquisition of Red Hat will change the rules of the game," Rommetti said in a statement. "IBM to become the world's leading private and public cloud computing company"He said.
The transaction should be finalized by IP. (NYSE: EMT) in the second half of 2019. IBM has announced its intention to terminate its stock repurchase program in 2020 and 2021 in order to help finance the transaction..
Jim Whitehurst will continue to serve as Chief Executive Officer of Red Hat and IBM 's current board of directors will continue to play its role, IBM said. IBM intends to maintain the headquarters, facilities, brands and methods of Red Hat.
