Well, it’s not really a surprise that IBM and Cognos finally jointly confirmed the acquisition of Cognos by the Armonk, New York giant in IT services.
The deal was for “roughly” $5 billion or $58 USD per Cognos share. Nice arbitrage play on the plumetting US dollar .. kudos to the IBM accounting strategists 
Cognos is one of those great Canadian success stories and it’s a bittersweet pill to see it go (like so many others) to foreign ownership. Their business intelligence products are Tier 1 quality. 
edit: That title should reach “nears acquisition” and not “closes acquisition” since officially this is just an offer… mind you at a 15% premium on the stock price!
