RALEIGH – Red Hat will convene its shareholders on Jan. 16 to vote on the sale of the open source and cloud services provider to IBM.
Shareholders as of Dec. 11 will be eligible to participate in the vote, the company says.
The boards of both companies have already approved the $34 billion deal, which was announced on Oct. 28.
Red Hat expects the deal to close in the “latter half of 2019.”
IBM is to pay $190 per share in cash to Red Hat stockholders.
Red Hat (NYSE: RHT_ shares closed at $176.53 on Tuesday.
Red Hat maintains its corporate headquarters in Raleigh.
IBM operates a large campus in Research Triangle Park and employs several thousand people across North Carolina.
Big Blue opens its arms, wallet, to Red Hat, but did deal cost too much at $34B?
Wall Street firm: Google could make a bid for Red Hat despite $34B deal with IBM
