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.