By Lars Klemming
July 28 (Bloomberg) -- International Business Machines Corp., the world's second-biggest software maker, agreed to buy French business software designer ILOG SA for 215 million euros ($337 million).
IBM offered 10 euros cash for each ILOG share, 37 percent more than the closing price on July 25. ILOG's software will allow IBM to help customers deliver business information in real- time so they can make ``better business decisions faster,'' the Armonk, New York-based IBM said today in a Market Wire statement. ILOG is based in Gentilly near Paris.
To contact the reporter on this story: Lars Klemming in Stockholm at lklemming@bloomberg.net
Monday, July 28, 2008
IBM Agrees to Buy French Software Maker ILOG for EU215 Million
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