RATL Flatlined?

[Intrinsic]

I don't follow this stock, just going through some charts & came across it. Is there a story behind it? I saw it did over 100m shares on dec 6th & has basically traded between 10.25 & 10.5 for over a month. Or do I have bad data?

It's a weird looking chart so I thought I would see if anyone has any input on it.

 

[AllenCook]

IBM to pay $2.1 billion for Rational
Big Blue shares lower as it buys software tool developer
By Mike Tarsala & Emily Church, CBS.MarketWatch.com
Last Update: 7:07 PM ET Dec. 6, 2002


ARMONK, N.Y. (CBS.MW) -- IBM on Friday said it plans to buy software development company Rational Software for $2.1 billion in cash, a deal that set a 29 percent premium for Rational stock.


The acquisition, which would be IBM's largest since it bought Lotus Development Corp. in 1995, is expected to fit in with IBM's "on-demand" strategy, announced in late October. The plan calls for an increased focus on technology that can integrate business software that was never designed to work together, and software that can automatically fix system problems.

 

[freehouse]

Quote from Intrinsic:

I don't follow this stock, just going through some charts & came across it. Is there a story behind it? I saw it did over 100m shares on dec 6th & has basically traded between 10.25 & 10.5 for over a month. Or do I have bad data?

It's a weird looking chart so I thought I would see if anyone has any input on it.

Cash deal worth $10.50 a share. Thus, unless the deal falls apart or another bidder emerges, this stock will continue to migrate toward $10.50