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.

via online.wsj.com

Posted via web from richc’s posterous

Categories: Cellphone, Computer, Financial, News
Tags: , , , , ,

Comments

«     »

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.
My Desultory Blog