Friday, August 12, 2022 | Back issues
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IBM Yanks Its Offer for Sun Microsystems

IBM on Sunday withdrew its $7 billion offer for Sun Microsystems - a move likely to arouse the wrath of some Sun shareholders, who were offered $9.40 a share - down from IBM's previous offer of $9.55 a share - though Sun shares closed at $8.49 on Friday.

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