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Old 09-20-2010, 06:43 PM   Nav to Top  #1
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Default IBM To Takeover Netezza For $1.7B

"IBM is aiming to buy Netezza, a provider data warehouse, analytic and monitoring appliances. The deal comes just weeks after HP and Dell were in a hostile bidding war over 3PAR, in an attempt for companies to increase their data storage divisions in a push to cloud computing. Interestingly enough, IBM is not getting Netezza on the cheap. The stock has risen 80% since Dell's initial offer to buy 3PAR and is currently up 13% in today's trading.

The deal will give Netezza shareholders $27 per share. Netezza shares are currently trading at $27.78 in hopes that there will be a counter offer."

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