IBM Completes Acquisition of Telelogic AB

03.04.08 - 22:26 ... source : IBM - United States

... ARMONK, NY - 03 Apr 2008: IBM (NYSE: IBM) today announced the completion of its approximately $845 million USD (approximately 5 billion Swedish Kronor) tender offer for the shares of Telelogic AB (Nordic Exchange/MidCap/TLOG). The tender offer, announced on June 11, 2007, was finalized after IBM obtained acceptance from 96.9 percent of stock ownership in Telelogic as well as satisfaction of other conditions of the offer, including necessary worldwide regulatory approvals. Telelogic is a leading provider of software to develop technical systems and enterprise architecture, and has more than 8,000 customers worldwide. Headquartered in Malmo, Sweden, and Irvine, California, Telelogic has more than 1,200 employees and operations in 22 countries around the world. Together, IBM, Telelogic, and business partners will help customers deliver high quality systems to the market faster while reducing costs. Customers will benefit from the combin ...» Next (HTML)