IBM/DemandTec
On December 8, 2011, International Business Machines (NYSE: IBM) and DemandTec (Nasdaq: DMAN) entered into a definitive merger agreement for IBM to acquire DemandTec in an all cash transaction at a price of $13.20 per share, or at a net price of approximately $440 million, after adjusting for cash.
Closing is expected in Q112.
DemandTec is based in San Mateo, Calif. and has more than 350 employees, with additional offices in Minneapolis, London, Paris, and Bangalore. The acquisition is subject to DemandTec shareholder approval, applicable regulatory clearances and other customary closing conditions.
Closing is expected in Q112.
DemandTec is based in San Mateo, Calif. and has more than 350 employees, with additional offices in Minneapolis, London, Paris, and Bangalore. The acquisition is subject to DemandTec shareholder approval, applicable regulatory clearances and other customary closing conditions.
