- IBM (NYSE: IBM) and SPSS Inc. (Nasdaq: SPSS) announced that the two companies have entered into a definitive merger agreement for IBM to acquire SPSS, a publicly-held company headquartered in Chicago, in an all cash transaction at a price of $50/share, resulting in a total cash consideration in the merger of approximately $1.2 billion.
The deal is expected to close later in the second half of 2009. This acquisition is expected to further expand IBM's Information on Demand (IOD) software...
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