October Date for SPSS / IBM Vote

MR software and predictive analytics giant SPSS will be holding a special meeting of shareholders on 2 October, to provide them with an opportunity to vote on selling the company to IBM.

IBM's proposal to acquire SPSS for around $1.2bn, which was announced in July, is subject to shareholder approval, regulatory clearances and other conditions.

Since the announcement, an investigation has been initiated by a number of SPSS shareholders who claim that SPSS failed to conduct a fair auction, and that the offer of $50 per share appears 'opportunistically timed' to take advantage of the current economic downturn.

In today's trading, SPSS shares closed down 6 cents to $49.83, while IBM's stock was down $1.21, or 1%, to $118.22.

Web sites: www.ibm.com and www.spss.com .

All articles 2006-23 written and edited by Mel Crowther and/or Nick Thomas, 2024- by Nick Thomas, unless otherwise stated.