ARMONK, New York: IBM says it is buying DemandTec, a price-management software company, for $440 million in cash to expand its commerce service offerings.
International Business Machines Corp. said Thursday that it is paying $13.20 per share for San Mateo, California-based DemandTec Inc. That's a 57 percent premium to DemandTec's closing stock price of $8.43 on Wednesday.
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