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IBM CEO Ginni Rometty Buys $3 Mln In Company Stock

IBM CEO Ginni Rometty has bought $3 million worth of the company shares, according to an SEC filing on Monday.

The stock purchases come just one week after IBM announced the $33 billion proposed acquisition of software distributor Red Hat Inc.

Rometty bought about $1 million shares in the open market and $2 million through an IBM retirement fund. Rometty now holds more than 314,000 shares of the company, which is valued at about $36 million at Monday's opening price.

Four board members and several other senior IBM executives also purchased the company's stock, according to a regulatory filings.

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