EU Steps Up Scrutiny Of IBM-Cognos Merger
The EU's top competition authority has announced it will investigate the merger under its regular protocol, rather than under its simplified procedure, according to numerous published reports.
Ottawa-based Cognos Inc. has agreed to be purchased by a wholly-owned indirect subsidiary of IBM for $58 per share in an all-cash transaction expected to have a net value of roughly $4.9 billion.
Its shareholders, the Canadian Competition Bureau, and...
To view the full article, register now.