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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 .
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