Transactions and Cases

Cognos completes US$4.9 billion sale to IBM

Torys represented Cognos with a team that included David Chaikof, Peter Jewett, Tom Yeo, Phil Mohtadi, Andrew Prodanyk, Danial Lam and Cayley Rodd (corporate); Christina Medland and Stacey Parker-Yull (pension and employment); Jay Holsten and Jonathan Gilhen (antitrust); and Jim Tory and Andrew Gray (litigation).

On January 31, 2008, Cognos Inc. was acquired by IBM Corp. by way of an arrangement under the Canada Business Corporations Act for approximately US$5 billion in cash, making it IBM's largest acquisition worldwide. Together, IBM and Cognos will become the leading provider of technology and services for business intelligence and performance management. On November 12, 2007, IBM announced a definitive agreement to acquire Cognos.

Further information can be found on Cognos' website.

Transaction Team

David A. Chaikof Peter E. S. Jewett Thomas H. Yeo Philip Mohtadi R. Jay Holsten James C. Tory Andrew Gray

Related Areas and Groups

Competition and Antitrust Mergers and Acquisitions Technology, Media and Telecom

Search Transactions and Cases