IBM Stock Drops 1.92% After Acquiring UK Cybersecurity Firm
IBM's stock price closed at $221.19 on September 28, 2026, marking a decline of 1.92 percent from its previous close.
The company announced the acquisition of Logiq Consulting, a UK-based cybersecurity consultancy, on September 24, 2026.
Logiq brings expertise in cybersecurity assurance, Secure by Design, secure systems engineering, digital transformation, and secure managed services to IBM's consulting arm.
IBM stated that the acquisition expands its capabilities in sovereign technology for regulated and public-sector clients.