SPSS investor Gamco builds stake ahead of shareholder vote, IBM merger

By Lisa Kerner

Charlotte, N.C., Sept. 8 - Investors led by Gamco Asset Management Inc. bought 185,620 shares of SPSS Inc. between Aug. 24 and Sept. 4 priced from $49.68 to $49.91 each, according to a schedule 13D/A filed with the Securities and Exchange Commission on Tuesday.

Between July 28 and Aug. 20 Gamco bought 935,106 shares for an initial 5.07% stake in the company, a prior SEC filing said.

In July, International Business Machines Corp. announced it agreed to acquire SPSS, a Chicago-based company that provides predictive analytics technology and services, for $50.00 per share in an all-cash transaction valued at about $1.2 billion.

SPSS shareholders will vote on the merger at a special meeting on Oct. 2. The record date for the meeting is Aug. 31.

Gamco beneficially owns 1,120,726 shares, or 6.08%, of SPSS.

IBM, based in Armonk, N.Y., develops computer systems, software, storage systems and microelectronics.

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