IBM’s proposed $865 million acquisition of network management company Micromuse Inc. could force Hewlett-Packard to ramp up its own acquisition strategy to stay competitive.
The deal, announced on Tuesday, will see Armonk, N.Y.-based IBM pay cash for San Francisco-based Micromuse. The offer gives Micromuse shareholders $10 a share, a 38.6 percent premium to the company’s $7.21 closing stock price on Tuesday.
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