After weeks of negotiations, IBM reportedly is eyeing a $9.55-per-share buyout for Sun Microsystems, according to a report in The Wall Street Journal.
Such a price would value the deal at roughly $7 billion and offer Sun investors nearly double the price of the stock before reports surfaced earlier this month that the parties are in buyout talks.
A report in The New York Times, meanwhile, notes the parties are discussing a purchase price of $9.50 a share.
In either case, Sun's investors haven't seen the hardware maker's stock trade at those levels since August. … Read more