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IBM is weighing an employee bid for a Rolm unit.

March 19, 1985

IBM said it has a conditional agreement to sell the military computer business of its Rolm Corp. unit to a group of the unit's employees. Last November, the Justice Department cleared IBM's $1.26-billion takeover of Rolm on the condition that IBM divest Rolm's military computer business, called Mil-Spec. "We have a conditional agreement that says if we don't receive a bid (for Mil-Spec) in excess of $97 million that our preference is to sell to them (the employees)," an IBM spokesman said. He confirmed that the employees' offer is less than $97 million, "but I can't say how much less."

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