The deal will see Big Blue buy up all of the outstanding common shares of
Cognos for $58.00 in cash for each Cognos common share, equating to a total cash
outlay of approximately $5bn.
Cognos has now received shareholder and Court approval, however there are
still a few hurdles to overcome before the deal is completed.
The transaction remains subject to the receipt of certain other regulatory
approvals and clearances, including approval by the Minister of Industry under
the Investment Canada Act, as well as other customary closing conditions.
It is not thought that there will be any complications, and the acquisition
is expected to be completed by the end of March 2008.
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Software allows firms to respond to market trends or risks 24 Jan 2008
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