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IBM cuts Sun Microsystem offer to under $9.50 a share

April 4, 2009 – 1:03 pm – No Comment

IBM will likely be buying out Sun Microsystems soon. It recently offered the company $9.55 a share, but just cut the offer to $9.50 a share.
Even with the drop in the offer price, IBM is offering Sun a 91% premium on the stock price, which …