What You Need to Know About Gartner's $2.6 Billion Purchase of CEB

Technology research firm Gartner is acquiring CEB, which equips 90% of Fortune 500 companies with business research, for $2.6 billion in cash and stock.
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Technology research firm Gartner (IT) - Get Report is acquiring CEB (CEB) , which equips 90% of Fortune 500 companies with business research among other services, for $2.6 billion in cash and stock.

Before the deal was announced, the stock had risen about 5% over the past 12 months. That helped to boost its market cap, or the value of all its outstanding shares. Not to mention, Wall Street analysts like this stock. Of the analysts who cover it, 50% have buy ratings and only 17% have sell ratings, according to Bloomberg.

As part of the deal, Gartner is paying $77.25 a share -- that's a 25% premium above the company's stock price on Jan. 4.