IBM bid 'unlikely to rise'

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The Independent Online
IBM bid 'unlikely to rise'

IBM is unlikely to significantly increase its $3.3bn (pounds 2bn) hostile takeover bid made earlier this week for Lotus Development Corp, the computer software company, according to analysts who also believe it is unlikely that another bidder will enter the fray. Lotus shares are trading at $3.5 above IBM's offer of $60.

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