Thursday, April 2, 2009

Sun deal's price becoming low decleared by IBM



IBM has decleared purchase price for Sun Microsystems to a range of $9 to $10 a share will decrease. And Sun is apparently willing to accept the lower range providing IBM agrees to pursue the deal, even in the face of antitrust scrutiny.Sun Microsystems stock spiked 6.25 percent to $8.50 a share on initial reports Thursday that IBM lowered its price and Sun was willing to accept it, but then Sun's shares tempered as more news filtered out that the deal was still under discussions and there was no guarantee it will ultimately go through.

No comments:

Post a Comment