IBM-Red Hat Deal Leaves Steep Premium as Merger Funds Stay Away
An International Business Machines Corp. (IBM) logo sits on the side of an ‘Ollie’ self-driving electric bus at the CeBIT 2017 tech fair in Hannover, Germany, on Monday, March 20, 2017. (Photographer: Krisztian Bocsi/Bloomberg)

IBM-Red Hat Deal Leaves Steep Premium as Merger Funds Stay Away

(Bloomberg) -- Investors are steering clear of betting on International Business Machines Corp.’s $33 billion takeover of Red Hat Inc., as the rich offer isn’t without risks.
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