H-P Agrees to Buy Palm – WSJ.com

Posted By on April 28, 2010

Good news for Palm … I think? Hopefully HP shareholders feel the same way.

Hewlett-Packard Inc. agreed to acquire Palm Inc. for nearly $1 billion in cash, ending months of speculation about the fate of the troubled wireless handset maker.

H-P said it will pay $5.70 per share in cash for Palm, representing a premium of 23% over the closing price of Palm’s shares on Wednesday. The transaction has been approved by the boards of directors of both companies.

Posted via web from richc’s posterous

Comments

  • Hmm … I’m not sure HP Pre rolls off the tongue as well as Palm Pre. 😉

Desultory - des-uhl-tawr-ee, -tohr-ee

  1. lacking in consistency, constancy, or visible order, disconnected; fitful: desultory conversation.
  2. digressing from or unconnected with the main subject; random: a desultory remark.