IBM: Why The Fears Over Buying HashiCorp Are Overstated (Rating Upgrade) [Seeking Alpha]
International Business Machines Corporation (IBM)
Last international business machines corporation earnings: 4/20 04:08 pm
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Source: Seeking Alpha
International Business Machines Corporation confirmed its acquisition of HashiCorp, paying a premium of nearly 43% over HCP's April 22 closing price. The Company expects the HCP deal to be accretive to adjusted EBITDA within the first full year. No dilution is expected as IBM funds the deal fully from its cash on hand. I explain why fears about the HCP deal are overstated, as the market reacted adversely. IBM Falls On Fears Over HashiCorp Acquisition International Business Machines Corporation ( NYSE: IBM ) investors who attempted to defy gravity and didn't layer out (cut exposure) from their positions in March 2024 are likely hurting. IBM stock plunged toward the $165 Recommended For You Recommended For You About IBM Stock
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