IBM announced a cash tender offer for all outstanding shares ofTelelogic AB. The offer price is 21 Swedish Kronor per share, for an aggregate purchase price of approximately 5.2 billion Swedish Kronor (or approximately $745 million).
Telelogic is a provider of software development solutions, with more than 8,000 customers worldwide, primarily in the aerospace and defense, telecommunications and automotive industries. Headquartered in Malmö, Sweden, with U.S. headquarters inIrvine, California, Telelogic has more than 1,100 employees and operations in 22 countries worldwide. In 2006, Telelogic reported revenues of approximately $208M, including approximately $89M in license revenue and representing year-to-year growth of 20% overall.
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