HP to buy EDS
Thursday
Jul 31, 2008
Plano-based Electronic Data Systems (EDS) announced today that it’s shareholders approved acquisition by Hewlett-Packard (HP).
Palo Alto, Calif.-based HP has been planning to buy the technology services company for about $13.9 billion, or $25 per share.
The deal still requires some non-U.S. and non-E.U. regulatory clearance before it can close; however, the company expects the agreement to be completed during the third quarter.


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