Tuesday, January 15, 2008

Cognos Shareholders Approve Acquisition by IBM

It's final now, "Cognos shareholders have approved the previously announced arrangement whereby International Business Machines Corporation, through an indirect subsidiary, will acquire all of the outstanding common shares of Cognos for US$58.00 in cash for each Cognos common share. The arrangement was approved by approximately 99.8% of the votes". So the arrangement is expected to be closed in the first quarter of 2008. Read the entire Cognos News Release over here. For more info you can refer to my previous post on this acquisition.

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