View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
April 28, 1994

POLICY MANAGEMENT BUYS BACK ITS IBM SHARES AT A DISCOUNT

By CBR Staff Writer

IBM Corp has persuaded troubled Columbia, South Carolina-based Policy Management Systems Corp to buy back 2.3m of the 3.8m Policy shares IBM holds for $24.77 a share, with the rest going to New York investment firm General Atlantic Partners – but at a discount, because Policy Management Systems’ shares were trading at about $27 earlier this week.

Topics in this article :
Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.
THANK YOU