STAMFORD, Conn., Jan. 5 (UPI) -- Connecticut-based technology research and consulting firm Gartner has agreed to a deal worth $2.6 billion in cash and stock to purchase Virginia-based CEB, which specializes in human resources and business consulting.
The deal, reported Thursday by The Wall Street Journal, gives CEB shareholders $54 per share, plus 0.22 percent of a share of the new Gartner company, a roughly 25 percent increase on the price of CEB shares, which closed Wednesday at $61.09.