IBM bid 'unlikely to rise'

Friday 09 June 1995 23:02 BST

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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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IBM bid 'unlikely to rise'

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