Is Red Hat publicly traded?
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Beside this, when did Red Hat go public?
Likewise, what happens to my red hat stock? 1 Answer. Yes, it was announced in October of 2018, that IBM will acquire Red Hat (RHT) for $190 per share. In January, Red Hat shareholders "approved the adoption of the agreement and plan of merger, dated as of October 28, 2018". IBM expects to close the deal in the latter half of 2019.
Consequently, what is Red Hat stock price?
Key Turning Points
Is Red Hat a buy?
(Reuters) - International Business Machines Corp (IBM. N) said on Tuesday it has closed its $34 billion acquisition of software company Red Hat Inc RHT. Underscoring the drive into high-margin businesses, IBM in October agreed to buy Red Hat, the company's biggest acquisition in its more than 100-year history.