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Big Blue get their MJ: Cognos is IBM Acquisition #23

By John Conroy in M&A on Nov 13, 2007

IBM has announced that it is to acquire business intelligence and performance management provider Cognos in a US$ 5 bn deal. Big Blue will pay US$ 58 per share for the publicly listed Ottawa company, which will be integrated as a group within IBM’s Information Management Software division. The deal is expected to be ratified by Cognos’ shareholders within weeks.