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Slide #32. Lenovo — IBM's x86 Server Business
IBM's x86 Server Business (NYSE:IBM)
Lenovo (HKSE: 992) (ADR: LNVGY) and IBM (NYSE:IBM) have entered into a definitive agreement in which Lenovo plans to acquire IBM's x86 server business. This includes System x, BladeCenter and Flex System blade servers and switches, x86-based Flex integrated systems, NeXtScale and iDataPlex servers and associated software, blade networking and maintenance operations. The purchase price is approximately US$2.3 billion, approximately two billion of which will be paid in cash and the balance in Lenovo stock.
Buy (2.67 out of 4)
(ranked lower than approx. 76% of all stocks covered)
Based on Zacks ABR data;
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