Edition:
India

International Business Machines Corp (IBM.N)

IBM.N on New York Stock Exchange

119.90USD
14 Dec 2018
Change (% chg)

$-0.83 (-0.69%)
Prev Close
$120.73
Open
$119.44
Day's High
$121.10
Day's Low
$119.44
Volume
1,256,271
Avg. Vol
1,597,668
52-wk High
$171.12
52-wk Low
$114.10

Latest Key Developments (Source: Significant Developments)

IBM CEO Ginni Rometty on tech regulation says regulation slows down an economy - CNBC Interview
Friday, 7 Dec 2018 

Dec 6 (Reuters) - :IBM CEO GINNI ROMETTY ON TECH REGULATION SAYS REGULATION SLOWS DOWN AN ECONOMY BUT IT IS IMPORTANT TO REGULATE, LEGISLATE A PROBLEM- CNBC INTERVIEW.  Full Article

IBM Credit LLC Files For Three Part Note Offering For $2 Bln
Thursday, 29 Nov 2018 

Nov 29 (Reuters) - International Business Machines Corp ::IBM CREDIT LLC FILES FOR THREE PART NOTE OFFERING FOR $2 BILLION - SEC FILING.IBM CREDIT LLC- FILES FOR OFFERING OF $750 MILLION FLOATING RATE NOTES DUE 2020, $750 MILLION 3.450% NOTES DUE 2020 AND $500 MILLION 3.600% NOTES DUE 2021.  Full Article

Red Hat Acquires Hybrid Cloud Data Management Provider NooBaa
Tuesday, 27 Nov 2018 

Nov 27 (Reuters) - Red Hat Inc ::RED HAT ACQUIRES HYBRID CLOUD DATA MANAGEMENT PROVIDER NOOBAA.RED HAT INC - ACQUIRED NOOBAA, AN EARLY STAGE COMPANY DEVELOPING SOFTWARE FOR MANAGING DATA STORAGE SERVICES ACROSS HYBRID AND MULTICLOUD ENVIRONMENTS.  Full Article

IBM CEO Ginni Rometty calls for regulation of consumer tech companies - CNBC
Tuesday, 27 Nov 2018 

Nov 26 (Reuters) - :IBM CEO GINNI ROMETTY CALLS FOR REGULATION OF CONSUMER TECH COMPANIES , SAYS DOMINANT COS HANDLE DATA IRRESPONSIBLY - CNBC.IBM'S CEO, SPEAKING WITH EU COMMISSIONERS IN BRUSSELS, SAYS TARGETED REGULATION OF CONSUMER TECH COS WILL PROMOTE COMPETITION - CNBC.  Full Article

Nielsen Holdings To Name IBM's David Kenny As CEO- WSJ
Tuesday, 20 Nov 2018 

Nov 20 (Reuters) - :NIELSEN HOLDINGS TO NAME IBM'S DAVID KENNY AS CEO- WSJ.  Full Article

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
Tuesday, 30 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
Tuesday, 30 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

Photo

In biggest Indian IT deal, HCL Tech to buy $1.8 billion of IBM software

MUMBAI/BENGALURU HCL Technologies will buy some software assets from U.S.-based IBM Corp for $1.8 billion, the companies said on Friday, marking the largest purchase ever by an Indian IT services firm.