Friday, August 11, 2006

DealBook - Mergers, Acquisitions, Venture Capital, Hedge Funds - New York Times

"Shares in FileNet were down slightly on Friday morning, but still trading above the $35 that IBM offered for the company on Thursday, leading to continued speculation that a bidding war might ensue.
IBM, which has spent the past half-decade strengthening its software business, offered $1.6 billion for the maker of data-management software – a slight premium over FileNet’s Wednesday closing price of $34.65. In late morning trading on Friday, FileNet was trading at $35.90."

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