ISS Shareholders Approve IBM Deal

Internet Security Systems

shareholders approved the $1.3 billion buyout of the company by IBM on Monday.

IBM agreed to purchase ISS for $28 a share on Aug. 23. ISS shares (Nasdaq: ISSX) traded at $27.96 on Monday.

The IBM-ISS deal is expected to close on Oct. 23. At that time, ISS will begin operating as a subsidiary of IBM.