Home / M&A Activity / DOJ Concludes IBM-Red Hat Transaction Review

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.

Check Also

Navy Awards BAE $185M in Destroyer Ship Modernization Contracts

BAE Systems' ship repair business in San Diego has won a pair of contracts worth $185M combined from the U.S. Navy to modernize Arleigh Burke-class USS Decatur and USS Stethem destroyer ships.

ST Engineering’s iDirectGov Buys Glowlink in Satcom Tech Expansion Push

ST Engineering has acquired Glowlink Communications Technology through its iDirect Government subsidiary for approximately $25M.