We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Ascential Software (ASCL)

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
From: Mark Duper3/14/2005 11:01:51 AM
   of 179
IBM to Acquire Ascential

By TSC Staff
3/14/2005 8:27 AM EST

IBM (IBM:NYSE - news - research) agreed Monday to acquire systems integration software company Ascential (ASCL:Nasdaq - news - research) for $18.50 a share in cash, or about $1.1 billion.

The buyout price is about 18% above Ascential's Friday close of $15.70, and the shares jumped $2.69, or 17.3%, to $18.21 in premarket Instinet trading. The stock has traded around $11 as recently as early August and at $28 in January 2004.

"The acquisition of Ascential Software expands IBM's open information integration platform and strengthens our ability to help customers create an environment that delivers the data they need, in the right form, to the right location, and at the right time," IBM said in a release.

IBM closed Friday at $91.51.

The acquisition is subject to the approval of Ascential Software and is expected to close in the second quarter of 2005.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext