The Waiting is Over for Informix, IBM

Informix Corp. and IBM have received early termination of the Hart-Scott-Rodino waiting period regarding IBM's acquisition of Informix's database business. As announced on April 24, 2001, Informix and IBM have entered into a definitive agreement under which IBM will acquire the assets of Informix Software, Informix's database business, for cash consideration of $1 billion. The acquisition is expected to close in the third quarter of 2001.

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