Red Hat soar on IBM deal
https://apnews.com/e98698d1ab1443c9916f29d7d537d7f0
NEW YORK (AP) — Shares of Red Hat skyrocketed at the opening bell Monday after IBM, in the biggest acquisition of its 100-year history, acquired the software company.
The $34 billion stock deal translates to $190 per Red Hat share — a 63 percent premium to the closing price Friday for the Raleigh, North Carolina company. Red Hat Inc.'s stock soared almost 50 percent in early trading.
Red Hat soar on IBM deal
Oct 29, 2018, 2:41pm UTC
https://apnews.com/e98698d1ab1443c9916f29d7d537d7f0
> NEW YORK (AP) — Shares of Red Hat skyrocketed at the opening bell Monday after IBM, in the biggest acquisition of its 100-year history, acquired the software company.
> The $34 billion stock deal translates to $190 per Red Hat share — a 63 percent premium to the closing price Friday for the Raleigh, North Carolina company. Red Hat Inc.'s stock soared almost 50 percent in early trading.