[805] in comp.os.os2.announce archive
PR: IBM Announces Completion of Tivoli Tender Offer
daemon@ATHENA.MIT.EDU (Timothy F. Sipples)
Tue Mar 12 21:37:57 1996
To: os2ann.DISCUSS@bloom-picayune.MIT.EDU
Date: 13 Mar 1996 02:32:44 GMT
From: tsipple@vnet.IBM.COM (Timothy F. Sipples)
Reply-To: tsipple@vnet.IBM.COM
Reply-To: tsipple@vnet.IBM.COM
Submitted by: Timothy F. Sipples
Source: Timothy F. Sipples
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ARMONK, N.Y., March 4, 1996 . . . IBM today announced that it successfully
completed its tender offer to acquire the shares of Tivoli Systems Inc., at
$47.50 per share. Over 90 percent of the approximately 15.4 million
outstanding Tivoli shares were tendered, and all such shares were accepted for
payment by IBM following completion of the tender offer on March 1.
Any Tivoli shares not purchased in the tender offer will be acquired by IBM
when the merger is completed, which is expected to be today.
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