Unica More Than Doubles In Value After IBM Acquisition (UNCA, IBM)

Posted in pre-market 
August 13th, 2010

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

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