IBM in a press release dated Sept. 20 announced that it has entered into a definitive agreement to acquire Netezza, an analytics provider based in Marlborough, Mass., in a cash transaction at a price of $27 per share or at a net price of approximately $1.7 billion, after adjusting for cash. The acquisition, still subject to shareholder approval and other customary closing conditions, is expected to close in the fourth quarter of 2010.
