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IBM and SPSS Inc. have announced they have entered into a definitive merger agreement for IBM to acquire SPSS in an all cash transaction at a price of $50 per share, resulting in a total cash consideration in the merger of approximately $1.2 billion. The acquisition is subject to SPSS shareholder approval, applicable regulatory clearances, and other customary closing conditions. It is expected to close later in the second half of 2009.

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