SPSS shareholders to decide company's merger with IBM on Oct. 2

By Lisa Kerner

Charlotte, N.C., Aug. 28 - SPSS Inc. shareholders will be asked to vote on the company's proposed merger with International Business Machines Corp. at a special meeting at 10 a.m. ET on Oct. 2.

The record date for the meeting is Aug. 31, according to an SPSS news release.

In July, IBM announced it agreed to acquire SPSS for $50 per share in an all-cash transaction valued at about $1.2 billion.

IBM, based in Armonk, N.Y., develops computer systems, software, storage systems and microelectronics.

SPSS, located in Chicago, provides predictive analytics technology and services.

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