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purchases posts

IBM to Acquire Netezza

Posted Sep 20th 2010 11:00AM by Mark Fightmaster (RSS feed)
Filed under: Deals, International Business Machines (IBM)

IBM logo Monday morning, IBM (IBM) announced that it has reached an agreement with data storage firm Netezza (NZ) to purchase the company for $27 per share.

Netezza helps companies examine data housed on corporate servers in order to help reach a decision about businesses. Netezza boasts some heavy hitters in its clientele, including Time Warner (TWX) and Virgin Media.

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Apache Purchasing Some of BP's Assets

Posted Jul 21st 2010 11:30AM by Mark Fightmaster (RSS feed)
Filed under: Deals, BP p.l.c. ADS (BP)

BP (BP) announced Tuesday that it completed a sale of assets to Apache (APA). The assets sold were in North America and Egypt and carried a price tag of $7 billion. Previous reports indicated Prudhoe Bay was up for sale, but it turned out not to be the case.

According to APA, which has a knack for purchasing older oil wells and squeezing some more money from them, this purchase was a "rare opportunity to acquire legacy positions from a major oil company." The company's CEO, Steven Farris, noted that the company "seldom have an opportunity like this in one o our core areas let along three," adding that Apache will add value to the assets "for decades to come."

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