THE ANNOUNCEMENT that IBM will buy Atlanta-based Internet Security Systems, Inc. culminated six weeks in which a buyout was rumored-and ISS’ stock price rose from a 52-week low of $17.63 to $27.62 at the end of trading Wednesday.
The deal values ISS at $28 per share, or $1.3 billion for a company that was once operated out of the founder’s grandmother’s house.
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