May 13, 2008

HP to Acquire EDS for $13.9 Billion

HP and EDS announced that they have signed a definitive agreement under which HP will purchase EDS at a price of $25.00 per share, or an enterprise value of approximately $13.9 billion. The terms of the transaction have been unanimously approved by the HP and EDS boards of directors.

Source: Hewlett-Packard News Releases

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