SPSS investors to vote on IBM bid in October

Investors have been offered $50 per share by IBM – valuing SPSS at $1.2bn. Big Blue wants to buy the company to extend its capabilities into predictive analytics.

SPSS says it turned down two lower-priced bids from IBM before agreeing an acquisition in July.

If shareholders vote in favour of the deal next month, the takeover is expected to be complete before the end of the year.