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  • Friday, April 26, 2024

DOJ Concludes IBM-Red Hat Transaction Review


The Department of Justice has completed its assessment of the proposed $34B acquisition of Red Hat (NYSE: RHT) by IBM (NYSE: IBM).

IBM also secured a notice of early termination of the required waiting period for the transaction under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, the company said Friday in a Securities and Exchange Commission filing.

IBM expects the deal to be completed in the latter half of 2019.

IBM announced in October that it agreed to buy Red Hat for $190 per share in cash in a push to create a global hybrid cloud provider.

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