On November 6, 2018, Red Hat, Inc. (“Red Hat” or the “Company”) sent to its sales and services team a communication that contained information about the pending merger with International Business Machines Corporation (“IBM”). The relevant excerpt from this communication is below:
Combining forces with IBM will add significant customer value as well as providing us with a greater level of scale. Until closing of the transaction, we continue to operate as separate companies and execute on commitments to our customers and stakeholders. Once the acquisition is closed, customers will continue to get the best of our open source innovation model and portfolio of products and services with ourgo-to-market strategies across all our ecosystem partners, including those partners that may compete with IBM,plusall the synergies with IBM and their ecosystem.
Let me summarize, for emphasis, the messages that have been communicated internally and externally about the acquisition. Red Hat has no intention or plan to change our product lines as a result of the announcement of the merger agreement or upon its closing. We understand from communications with IBM that they also have no such intention or plan. When the merger is complete, Red Hat will operate as a distinct unit of IBM. We will preserve the independence and neutrality of Red Hat’s open source development commitment, current product portfolio andgo-to-market strategy, and unique development culture, all as noted in the announcement press release. Hence, the best of both worlds!
Important Additional Information and Where to Find It
In connection with the proposed merger, the Company intends to file relevant materials with the Securities and Exchange Commission (the “SEC”), including a preliminary proxy statement on Schedule 14A. Following the filing of the definitive proxy statement with the SEC, the Company will mail the definitive proxy statement and a proxy card to each stockholder entitled to vote at the special meeting relating to the proposed merger. STOCKHOLDERS ARE URGED TO CAREFULLY READ THESE MATERIALS IN THEIR ENTIRETY (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO) AND ANY OTHER RELEVANT DOCUMENTS THAT THE COMPANY WILL FILE WITH THE SEC WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION. The proxy statement and other relevant materials (when available), and any and all documents filed by the Company with the SEC, may be obtained for free at the SEC’s website at www.sec.gov. In addition, stockholders may obtain free copies of the documents filed with the SEC by the Company via the Company’s Investor Relations section of its website atwww.redhat.com or by contacting Investor Relations by directing a request to the Company, Attention: Investor Relations, 100 East Davie Street, Raleigh, North Carolina 27601, or by calling (919)754-3700.
Participants in the Merger Solicitation
This document does not constitute a solicitation of proxy, an offer to purchase or a solicitation of an offer to sell any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended. The Company, its directors, executive officers and certain employees may be deemed to be participants in the solicitation of proxies from the stockholders of the Company in connection with the proposed merger. Information about the persons who may, under the rules of the SEC, be considered to be participants in the solicitation of the Company’s stockholders in connection with the proposed merger, and any interest they have in the proposed merger, will be set forth in the definitive proxy statement when it is filed with the SEC. Additional information regarding these individuals is set forth in the Company’s proxy statement for its 2018 Annual Meeting of Stockholders, which was filed with the SEC on June 25, 2018, and its Annual Report on Form10-K for the fiscal year ended February 28, 2018, which was filed with the SEC on April 26, 2018. These documents may be obtained for free at the SEC’s website at www.sec.gov, and via the Company’s Investor Relations section of its website at www.redhat.com.