IBM to buy Internet Security

**MIG-31** · Aug 23, 2006, 03:37 PM

Read More/Source: Reuters
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BOSTON (Reuters) - IBM said on Wednesday it agreed to buy Internet Security Systems Inc. for $1.3 billion, in a move to beef up its product line in the rapidly growing business of Internet security.

International Business Machines Corp., the world's largest information-technology company, said it will pay $28 a share for Internet Security, continuing an acquisition drive to fuel growth in its software and services businesses.

The price represents a 7.7 percent premium to Internet Security's Tuesday closing price of $26 a share on Nasdaq. The stock rose 7 percent, or $1.82, in premarket trade.

Aug 23, 2006, 03:37 PM	#1
MIG-31 HardwareHeaven News Mod Join Date: Dec 2002 Location: Nottingham,UK Posts: 56,818 Rep Power: 471 System Specs	IBM to buy Internet Security Read More/Source: Reuters _______________ BOSTON (Reuters) - IBM said on Wednesday it agreed to buy Internet Security Systems Inc. for $1.3 billion, in a move to beef up its product line in the rapidly growing business of Internet security. International Business Machines Corp., the world's largest information-technology company, said it will pay $28 a share for Internet Security, continuing an acquisition drive to fuel growth in its software and services businesses. The price represents a 7.7 percent premium to Internet Security's Tuesday closing price of $26 a share on Nasdaq. The stock rose 7 percent, or $1.82, in premarket trade. __________________ Please Post Your News Submissions Here