Noob question: Why isn't redhat stock jumping?

IBM is acquiring software company Red Hat for $34 billion, which is $190 per share ... yet the stock price is barely $120 (i.e. no activity). Is it b/c the market is still closed?

Submitted October 28, 2018 at 07:51PM by taewoo https://ift.tt/2qh5Lx0