As announced yesterday, IBM made an offer of 10 Euros per share yesterday. This is worth about $15.75. 33% below our valuation–but still a 26% gain for us. In this market, we will take it gladly. ILOG was halted on the Paris stock exchange yesterday and in the U.S. In Paris today the stock was trading about 9.72 Euro–or $15.30.

Sell at $15.25 or better. High likelyhood that this deal will close since it is pocket change for IBM, but anything can happen these days.


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