Micromuse holders will get $10 a share in cash. The stock closed at $7.21 Tuesday and recently surged $2.59, or 36%, to $9.80 on Instinet. Micromuse shares have traded in a 52-week range of $3.97 to $8.13 a share. They last traded in the double-digits in February 2004 after falling from nearly $90 in January 2001. "
Wednesday, December 21, 2005
IBM to Acquire Micromuse
"IBM (IBM:NYSE - commentary - research - Cramer's Take) agreed to acquire Micromuse (MUSE:Nasdaq - commentary - research - Cramer's Take) for $865 million, extending a move into the network-management space previously dominated by huge telecoms like AT&T and MCI.
Micromuse holders will get $10 a share in cash. The stock closed at $7.21 Tuesday and recently surged $2.59, or 36%, to $9.80 on Instinet. Micromuse shares have traded in a 52-week range of $3.97 to $8.13 a share. They last traded in the double-digits in February 2004 after falling from nearly $90 in January 2001. "
Micromuse holders will get $10 a share in cash. The stock closed at $7.21 Tuesday and recently surged $2.59, or 36%, to $9.80 on Instinet. Micromuse shares have traded in a 52-week range of $3.97 to $8.13 a share. They last traded in the double-digits in February 2004 after falling from nearly $90 in January 2001. "
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