IBM Corp. agrees to buy French software maker
-
- July
- 28
IBM Corp. agreed today to pay about $215 million euros ($340 million) for Ilog SA, a French maker of business software.
The deal will enable the Armonk-based computing giant to combine its business process management, business optimization and service oriented architecture technologies with Ilog’s business rules management systems software, IBM said.
IBM’s offer represents a 37 percent premium above Ilog’s closing price on Friday.
The deal has the approval of the Ilog board, which will make a decision on the deal before Sept. 15, after which the offer will be filed with the French stock exchange authority.
Shares of Big Blue rose fractionally in trading today to $126.48 each.
This entry was posted
on Monday, July 28th, 2008 at 4:15 pm by David Schepp.
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