|Bid||0.00 x 800|
|Ask||0.00 x 800|
|Day's Range||176.00 - 177.65|
|52 Week Range||115.31 - 179.49|
|Beta (3Y Monthly)||0.22|
|PE Ratio (TTM)||115.53|
|Earnings Date||Dec 17, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||179.43|
NEW YORK, Dec. 11, 2018 -- The following statement is being issued by Levi & Korsinsky, LLP: Levi & Korsinsky, LLP announces that investigations have commenced on.
As IBM moves forward with its $34 billion deal for Red Hat, its executives continue to defend the buy.
“Merger arbitrage” funds buy shares of a target company in a publicly announced acquisition, and short the stocks of the acquiring company.
Red Hat, Inc. (RHT), the world’s leading provider of open source solutions, announced today that it had established a record date of Dec. 11, 2018, and a special meeting date of Jan. 16, 2019, for a meeting of its stockholders to, among other things, consider and vote on a proposal to adopt the previously announced Agreement and Plan of Merger, dated as of Oct. 28, 2018, by and among Red Hat, International Business Machines Corporation (“IBM”) and Socrates Acquisition Corp., a wholly-owned subsidiary of IBM, pursuant to which IBM will acquire Red Hat for $190.00 per share in an all-cash transaction. The board of directors of Red Hat recommends that stockholders vote in favor of the merger with IBM. Red Hat stockholders as of the close of business on the record date of Dec. 11, 2018, will be entitled to receive notice of, and to vote at, the special meeting.
RADNOR, PA / ACCESSWIRE / December 10, 2018 / Kaskela Law LLC is investigating Red Hat, Inc. ("Red Hat" or the "Company") (NASDAQ: RHT) concerning the Company's proposed acquisition ...
Red Hat (RHT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
NEW YORK, NY / ACCESSWIRE / December 7, 2018 / JuanMonteverde , founder and managing partner at Monteverde & Associates PC , a national securities firm headquartered at the EmpireState Building in New ...
Red Hat, Inc. (RHT), the world's leading provider of open source solutions, today announced that submissions are being accepted for the 13th annual Red Hat Certified Professional of the Year Award. The Red Hat Certified Professional (RHCP) of the Year Award recognizes the hard work, expertise, and ingenuity of a current Red Hat Certified Professional. The award program is open to holders of a current Red Hat certification or Certificate of Expertise in eligible countries.
Earlier this year, Berkshire Hathaway (NYSE:BRK.A) (NYSE:BRK.B) sold its entire International Business Machines (IBM) stake. After acknowledging his calculations on IBM were flawed in mid-2017, Warren Buffett ( Trades , Portfolio ) finally directed Berkshire to exit its investment in the company. At its peak investment in the tech company, the conglomerate held somewhere near $12 billion worth of IBM shares.
SAP SE (SAP) is acquiring Qualtrics International for $8.0 billion. If all goes according to plan, the transaction is expected to close in the first quarter of 2019.
IBM Corporation (IBM) reported a YoY (year-over-year) fall in its third-quarter revenue and fell short of the consensus estimate, triggering a sell-off in its stock. IBM’s deal to acquire open-source software company Red Hat (RHT) for $34 billion also elicited mixed reactions, with some wondering whether IBM was overpaying for the deal.
According to background documents about the merger filed by Red Hat on Friday, IBM threatened to walk away if Red Hat demanded a “regulatory termination fee” that would be payable by IBM if the deal failed to win the necessary government approvals. Red Hat ultimately decided not to seek such a fee.
Red Hat, Inc. , the world's leading provider of open source solutions, will release results of its third quarter fiscal year 2019 on Monday, December 17, 2018, after the market close.
In October, IBM (IBM) shocked the world by acquiring Red Hat (RHT) for $34 billion, marking its largest acquisition to date. But why did IBM shell out so much money? The answer lies in IBM’s desire to compete in the cloud service market, especially the hybrid cloud market. Red Hat, a cloud service and open-source software company, is also a leading provider of Linux operating systems.
NEW YORK, Nov. 30, 2018 -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors,.
Value stocks are poised for a nice rebound on Wednesday thanks to positive headlines around a possible trade deal with China as well as some dovishness form Federal Reserve Board Chair Jerome Powell. Specifically, traders are looking for indications the Fed will halt its rate hike campaign in 2019 to allow the economy and financial markets to adjust to the steady tightening of credit since 2015. The disconnect can be seen in the way the futures market has only penciled in two further quarter-point hikes in 2019 while the Fed is looking for four.
Red Hat, Inc. (RHT), the world's leading provider of open source solutions, today announced that Fujitsu Limited has adopted Red Hat OpenShift Container Platform for system development at its Business Intelligence Competency Center (BICC), an internal organization to promote collection and company-wide use of its global data, which will help Fujitsu achieve greater development efficiency with quicker application development and delivery.
A month after IBM announced its $34 billion buy of Raleigh’s Red Hat, the open-source firm is making a cloud deal of its own.
Red Hat is in the process of being acquired by IBM for a massive $34 billion, but that deal hasn't closed yet and in the meantime, Red Hat is still running independently and making its own acquisitions, too. As the company today announced, it has acquired Tel Aviv-based NooBaa, an early state startup that helps enterprises manage their data more easily and access their various data providers through a single API. NooBaa's technology makes it a good fit for Red Hat, which has recently emphasized its ability to help enterprise more effectively manage their hybrid and multicloud deployments.
Red Hat, Inc. (RHT), the world's leading provider of open source solutions, today announced that it has acquired NooBaa, an early stage company developing software for managing data storage services across hybrid and multicloud environments.