July 6, 1995 1:00 PM PDT

IBM Finalizes Lotus Acquisition

This summer's biggest high-tech miniseries is over. Now that IBM has completed its $3.52 billion acquisition of Lotus Development Corporation, you can turn your attention back to the Microsoft- Justice Department brouhaha.

As of Monday's deadline, 97 percent of Lotus shares had been tendered for the sale price of $64 a pop.

The plan is to run the Cambridge, Massachusetts, company as an IBM unit. The company is best known for its Lotus 1-2-3 spreadsheet and Notes groupware software.

 

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