ham

Brockton, MA, March 3, 2011 -- Ham Sandwich Inc. announced today that it has signed a letter of intent to acquire all outstanding shares of common stock of International Business Machines Corp. (IBM) for $63 per share. The offer will be up for vote at a special meeting of shareholders scheduled for April 7, 2011. Should the tender be approved, the purchase will be the fifth major acquisition by Ham Sandwich this year, making it the 19th largest corporation in the world.