“IBM Corp. has registered for sale 250,000 common shares of open
source software and services company Red Hat Inc., according to a
Form 144 filing released this afternoon by the SEC.”
“IBM planned to sell the shares on March 23 through
brokerage house Chase H&Q for an estimated $14.4 million
payday.”
“Red Hat, based in Durham, N.C., has 151.7 million common shares
outstanding.”
Web Webster has more than 20 years of writing and editorial experience in the tech sector. He’s written and edited news, demand generation, user-focused, and thought leadership content for business software solutions, consumer tech, and Linux Today, he edits and writes for a portfolio of tech industry news and analysis websites including webopedia.com, and DatabaseJournal.com.
LinuxToday is a trusted, contributor-driven news resource supporting all types of Linux users. Our thriving international community engages with us through social media and frequent content contributions aimed at solving problems ranging from personal computing to enterprise-level IT operations. LinuxToday serves as a home for a community that struggles to find comparable information elsewhere on the web.
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