RESEARCH TRIANGLE PARK – IBM’s $34 billion acquisition of Red Hat moved another step toward formal approval on Monday after the government of Brazil approved it.
The OK comes with no conditions required of either company, according to business news site SeekingAlpha based on reporting by Bloomberg News.
Approval had been expected.
The US Department of Justice gave its blessing to the merger in May.
IBM’s Rometty: Red Hat will remain independent – ‘I don’t have a death wish’
Blessing from the European Union is expected no later than Thursday, according to media reports.
Neither IBM (NYSE: IBM) nor Red Hat (NYSE: Red Hat) will talk about the merger although both companies expect it to be approved in the second half of 2019.
IBM and Red Hat announced the deal last October.
Red Hat shareholders will receive $190 in cash for each share.
