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

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

5 years ago
Anonymous $ZPWJA6-QD2

https://www.reuters.com/article/us-red-hat-m-a-ibm/red-hat-jumps-ibm-shares-dip-on-cloud-mega-merger-idUSKCN1N31IP

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.

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

Oct 29, 2018, 1:22pm UTC
https://www.reuters.com/article/us-red-hat-m-a-ibm/red-hat-jumps-ibm-shares-dip-on-cloud-mega-merger-idUSKCN1N31IP >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.