IBM and Unica Corporation (NASDAQ: UNCA) agreed to a $480 million dollar deal this morning. IBM will buy Unicom for 21$ per share, well more than double the marketing company’s close yesterday of $9.55. As of 8:15AM EDT, the stock was up 117.8% to 20.80. The stock had been trading withing a 52-week range of $6.13-$11.00.
-Michael B. Sauter