Deals
IBM to Buy DemandTec for $440 Million to Add Consumer Tools
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International Business Machines Corp., the biggest computer services provider, agreed to buy DemandTec Inc. for $440 million, adding Internet-based tools to help businesses adjust promotions based on buying patterns.
The all-cash transaction amounts to $13.20 a share, and is expected to close in the first quarter of 2012, Armonk, New York-based IBM said today in a statement. That’s 57 percent higher than DemandTec’s closing price yesterday. IBM said last year it plans to spend about $20 billion on acquisitions through 2015, as it expands offerings to business customers.