Red Hat counter offer may be on the cards

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Red Hat counter offer may be on the cards

Big Blue's premium to ward off challenger bids.

IBM's US$34 billion deal to buy Red Hat Inc drove shares in the small but fast-growing software maker about 50 percent higher on Monday, reflecting the huge premium IBM is paying to ward off any potential challenger bids. At US$172, shares of Red Hat were still trading around US$18 short of the ...

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