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HashiCorp (NASDAQ:HCP) and IBM (NYSE:IBM) have acknowledged the receipt of a second request for information from the Federal Trade Commission over its antitrust probe of their merger.
IBM in late April agreed to buy HashiCorp for $35 a share in cash. The two revealed a second request from the regulator on Friday, noting that this will extend the approval waiting period to until 30 days after both companies have substantially complied with the request.
HashiCorp last said it expects the deal to close by the end of the year. IBM expects its takeover of the company, which specializes in multi-cloud infrastructure automation tech, to boost its own hybrid cloud and software management capabilities.
HashiCorp (HCP) is down 1.57% ahead of market open Monday.