IBM Chair and CEO Ginni Rometty joined CNBC's "Squawk Box" on Monday after Big Blue made its largest acquisition and the third-biggest U.S. technology deal ever.
On Sunday, IBM agreed to buy source software maker Red Hat for around $33 billion. IBM will pay cash for all shares of Red Hat for $190 each, a 63 percent premium over where Red Hat closed on Friday at $116.68 each.
Shares of Red Hat were about 50 percent higher in premarket trading. IBM shares were down about 5 percent ahead of the open on Wall Street on Monday.
Red Hat CEO Jim Whitehurst appeared with Rometty on CNBC on Monday.
This is a breaking news story. Check back shortly for updates.
No comments:
Post a Comment