Posted By RichC 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