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International Business Machines Corp (IBM.N)

IBM.N on New York Stock Exchange

121.44USD
15 Nov 2018
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$1.24 (+1.03%)
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Latest Key Developments (Source: Significant Developments)

IBM Board Authorizes $4 Billion For Stock Repurchase
Tuesday, 30 Oct 2018 

Oct 30 (Reuters) - International Business Machines Corp ::BOARD APPROVES QUARTERLY CASH DIVIDEND; AUTHORIZES $4 BILLION FOR STOCK REPURCHASE.BOARD APPROVES QUARTERLY CASH DIVIDEND; AUTHORIZES $4 BILLION FOR STOCK REPURCHASE.SETS REGULAR QUARTERLY CASH DIVIDEND OF $1.57PER SHARE.$4 BILLION FOR STOCK REPURCHASE IS IN ADDITION TO APPROXIMATELY $1.4 BILLION REMAINING AT END OF SEPTEMBER 2018 FROM A PRIOR AUTHORIZATION.WITH THIS NEW AUTHORIZATION, IBM WILL HAVE APPROXIMATELY $5.4 BILLION FOR ITS STOCK REPURCHASE PROGRAM..  Full Article

IBM Intends To Finance Red Hat Merger With Combination Of Cash & Debt Financing
Monday, 29 Oct 2018 

Oct 29 (Reuters) - International Business Machines Corp ::INTENDS TO FINANCE RED HAT MERGER WITH COMBINATION OF CASH & DEBT FINANCING - SEC FILING.ENTERED COMMITMENT LETTER FOR 364-DAY SENIOR UNSECURED BRIDGE FACILITY OF UPTO $20 BILLION TO FUND MERGER.  Full Article

Red Hat will be obligated to pay to IBM a termination fee of $975 Mln
Monday, 29 Oct 2018 

Oct 29 (Reuters) - International Business Machines Corp ::RED HAT - IF DEAL TERMINATED UNDER SOME SPECIFIC CONDITIONS, CO SHALL BE OBLIGATED TO PAY TERMINATION FEE OF $975 MILLION - SEC FILING.  Full Article

IBM CEO Says Does Not See Regulatory Inhibitors For Red Hat Deal
Monday, 29 Oct 2018 

Oct 29 (Reuters) - International Business Machines Corp ::IBM CEO SAYS "WON'T BE SHY" WITH ACQUISITIONS AND DIVESTITURES AS NEEDED - CONF CALL.IBM CEO SAYS WANTS TO PRESERVE THE RED HAT BRAND AND CULTURE - CONF CALL.IBM CEO, ON RED HAT DEAL, SAYS VERY CLEAR TO US WHAT HORIZONTALLY STAYS NEUTRAL - CONF CALL.IBM CEO, ON RED HAT DEAL, SAYS DO NOT SEE ANY REGULATORY INHIBITORS - CONF CALL.  Full Article

IBM CEO Ginni Rometty Says Deal Value For Red Hat Is A Fair Price - CNBC
Monday, 29 Oct 2018 

Oct 29 (Reuters) - :IBM CEO GINNI ROMETTY SAYS DEAL VALUE FOR RED HAT IS A FAIR PRICE - CNBC.IBM CEO GINNI ROMETTY SAYS SHE IS NOT CONCERNED ABOUT TARIFFS RIGHT NOW - CNBC.IBM CEO GINNI ROMETTY SAYS SHE IS A BIG PROPONENT OF FREE AND FAIR TRADE, AND THAT TARIFFS HAVE NOT IMPACTED IBM YET - CNBC.  Full Article

IBM To Acquire Red Hat for Total Enterprise Value Of About $34 Bln
Sunday, 28 Oct 2018 

Oct 28 (Reuters) - IBM ::IBM TO ACQUIRE RED HAT, COMPLETELY CHANGING THE CLOUD LANDSCAPE AND BECOMING WORLD'S #1 HYBRID CLOUD PROVIDER.COMPANIES HAVE REACHED A DEFINITIVE AGREEMENT UNDER WHICH IBM WILL ACQUIRE ALL OF ISSUED AND OUTSTANDING COMMON SHARES OF RED HAT.WILL ACQUIRE ALL OF ISSUED AND OUTSTANDING COMMON SHARES OF RED HAT FOR $190.00 PER SHARE IN CASH.DEAL REPRESENTING A TOTAL ENTERPRISE VALUE OF APPROXIMATELY $34 BILLION.COMPANY INTENDS TO SUSPEND ITS SHARE REPURCHASE PROGRAM IN 2020 AND 2021.COMPANY INTENDS TO CLOSE TRANSACTION THROUGH A COMBINATION OF CASH AND DEBT.ACQUISITION HAS BEEN APPROVED BY BOARDS OF DIRECTORS OF BOTH IBM AND RED HAT.DEAL SUBJECT TO RED HAT SHAREHOLDER APPROVAL.DEAL WILL BE FREE CASH FLOW AND GROSS MARGIN ACCRETIVE WITHIN 12 MONTHS, ACCELERATE REVENUE GROWTH AND SUPPORT A SOLID AND GROWING DIVIDEND.RED HAT TO OPERATE AS A DISTINCT UNIT WITHIN IBM'S HYBRID CLOUD TEAM.RED HAT WILL CONTINUE TO BE LED BY JIM WHITEHURST AND RED HAT'S CURRENT MANAGEMENT TEAM.JIM WHITEHURST ALSO WILL JOIN IBM'S SENIOR MANAGEMENT TEAM AND REPORT TO GINNI ROMETTY.IBM INTENDS TO MAINTAIN RED HAT'S HEADQUARTERS, FACILITIES, BRANDS AND PRACTICES.AT SIGNING, COMPANY HAS AMPLE CASH, CREDIT AND BRIDGE LINES TO SECURE TRANSACTION FINANCING.  Full Article

Travelport Worldwide Says Expanding Partnership With IBM
Wednesday, 24 Oct 2018 

Oct 24 (Reuters) - International Business Machines Corp ::TRAVELPORT WORLDWIDE SAYS IS EXPANDING ITS LONGSTANDING PARTNERSHIP WITH IBM.TRAVELPORT WORLDWIDE SAYS CO IS TURNING TO IBM WATSON DATA PLATFORM TO PERSONALIZE CUSTOMER EXPERIENCES WITH NEW TOOLS AND TRAVELLER RECOMMENDATIONS.  Full Article

Maersk And IBM Introduce Tradelens Blockchain Shipping Solution
Thursday, 9 Aug 2018 

Aug 9 (Reuters) - International Business Machines Corp ::MAERSK AND IBM INTRODUCE TRADELENS BLOCKCHAIN SHIPPING SOLUTION.IBM SAYS IN FOLLOW UP TO JAN. ANNOUNCEMENT, CO, A.P. MOLLER -MAERSK ANNOUNCED CREATION OF TRADELENS TO APPLY BLOCKCHAIN TO THE WORLD'S GLOBAL SUPPLY CHAIN.  Full Article

IBM Board Approves Regular Quarterly Cash Dividend
Tuesday, 31 Jul 2018 

International Business Machines Corp ::IBM BOARD APPROVES REGULAR QUARTERLY CASH DIVIDEND.IBM - DECLARED A REGULAR QUARTERLY CASH DIVIDEND OF $1.57 PER SHARE.  Full Article

CLS And IBM Announce collaboration To Foster Ecosystem For Financial Institutions, FinTechs and software providers to share apps
Monday, 30 Jul 2018 

July 30 (Reuters) - International Business Machines Corp ::CLS AND IBM TO FOSTER ECOSYSTEM FOR FINANCIAL INSTITUTIONS, FINTECHS AND SOFTWARE PROVIDERS TO SHARE APPS AND SERVICES ON A COMMON DLT NETWORK.IBM - BARCLAYS AND CITI AMONG NINE FINANCIAL INSTITUTIONS PARTICIPATING IN INITIATIVE.IBM - CLS, CO ANNOUNCE COLLABORATION ON A PROOF OF CONCEPT FOR LEDGERCONNECT.  Full Article

Ex-Bosch engineers aim to strengthen self-driving car software

SAN FRANCISCO, Nov 15 A company formed by two longtime self-driving car engineers is seeking to make the open-source software that powers many experimental self-driving cars safe and reliable enough to be used in commercially available vehicles.