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

KBR Subsidiary Lands Potential $128M NOAA Observation Network Mgmt Support IDIQ

KBR’s (NYSE: KBR) Stinger Ghaffarian Technologies subsidiary has secured a potential five-year, $128.4M contract to provide data processing and technical services for a National Oceanic and Atmospheric Administration network system used to process Earth observation data.

Raytheon Awarded Potential $353M Navy Contract for Rolling Airframe Missile Components

Raytheon (NYSE: RTN) has secured a potential $353.3M contract from the U.S. Navy to provide guided missile round packs and spare replacement parts for the Block 2 and 2A variants of the Rolling Airframe Missile system. The contract includes foreign military sales to Turkey, the United Arab Emirates, Saudi Arabia, Egypt and Germany, the Department of Defense said Monday.