Submission + - Citigroup to buy Red Hat (reuters.com)
DigDuality writes: Citigroup said Red Hat Inc, which posted strong quarterly results on Wednesday, is a potential takeover target as the Linux software maker's strategy attracts the attention of larger technology firms.Citigroup and RBC Capital raised their price targets on Red Hat, which also forecast full-year results in line with market estimates."We believe Red Hat is a tempting acquisition target," Citigroup analyst Brent Thill wrote in a note to clients.