IBM is about to buy Cognos

Following the evolution of IBM's Cognos acquisition, the European Union has recently announced that it has basically approved IBM's proposal to take over Cognos intellectual product trading company because of several of its subsidiaries. This company is currently operating in Europe.

Under the deal, IBM will buy all of its common shares in cash at a price of $ 58 a share and the total capital that the US giant has dropped is about 5. billion USD.

IBM headquarters

Cognos has confirmed this information and has been approved by regulatory authorities in Canada, but there are some other obstacles for the well-known company in making these smart software to officially become a member of IBM corporation. The remaining transactions include receiving and responding to terms as well as transparency under the management of the Industry Ministry and Canada's investment law, as well as the final takeover conditions that the parties have proposed. out.

If there are no more obstacles, this massive merger will end in late March 2008.

Cognos Inc. is a company based in Ottawa, Ontario, Canada, specializing in the field of manufacturing business software and intelligent management. Founded in 1969, Cognos has so far had about 3,000 500 employees, with more than 23 thousand customers in 135 countries. The company's 2007 revenue in 2007 was estimated at about 980 million USD.