EU Decision on IBM's Red Hat Deal Expected by June 27 -Reuters
May 21 2019 - 12:34PM
Dow Jones News
--Antitrust regulators in the European Union are slated to make
a decision on International Business Machine Corp.'s (IBM) bid for
Red Hat Inc. (RHT) by June 27, Reuters reports Tuesday.
--IBM said last year it agreed to buy software-and-services
company Red Hat for about $33 billion.
--The deal has already received approval from U.S. authorities,
the report said, and earlier this year Red Hat shareholders voted
to approve the deal.
Full story:
https://www.reuters.com/article/us-red-hat-m-a-ibm-eu/eu-regulators-to-decide-on-ibms-34-billion-red-hat-bid-by-june-27-idUSKCN1SR1LO
--Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
(END) Dow Jones Newswires
May 21, 2019 12:19 ET (16:19 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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