Hewlett-Packard in 13.9-billion-dollar deal for EDS
|
| Posted
:
Tue, 13 May 2008 12:29:01 GMT |
| By
:
DPA |
| Category
:
Business |
| News Alerts by
Email ( click
here ) |
|
|
|
|
|
New York - US personal computer giant Hewlett-Packard has reached a deal to buy Electronic Data Systems Corp. (EDS) for 13.9 billion dollars, the two companies disclosed Tuesday. In a joint statement, the two sides said that the boards of HP and EDS had unanimously approved the deal, which prices EDS at 25 dollars per share. They said they expected to complete the transaction during the second half of 2008 in what would then more than double HP's revenues. The final price tag was somewhat higher than the 12 billion dollars which had been widely reported as the possible takeover cost during the past few days. Soon after disclosing the deal,Palo Alto, California-based HP also reported its preliminary second-quarter business figures, showing revenues of 28.3 billion dollars, up over 10 per cent from 25.5 billion dollars in the same period of 2007.
Copyright DPA
|
|
|
|
|
|
Related News
International stock market quotations 25 November 2009
Frankfurt - The following index quotations were noted on the world's major stock markets:New York Dow Jones 10,472.7910,433.71(+39.08) New York NASDAQ Comp.2,177.57 2,169.18(+ 8.39) TokyoNikkei 9,441.64 9,401.58(+40.06) Sydney All Ordinaries 4,740.99...
Frankfurt Stock Exchange quotations 25 November 2009
Frankfurt - Frankfurt Stock Exchange closing prices in euros. In brackets the point movement of index/price movement of stocks against previous quotation: ...
General Motors to cut about 9,000 jobs in Europe - Summary
Berlin - General Motors is to reduce its Opel workforce in Europe by about 9,000, the US car company's new chief executive for Europe, Nick Reilly, said Wednesday in Germany on a tour to meet political and labour leaders. The company aimed to cut man...
Thai shares climb 2.8 per cent on protest cancellation
Bangkok - Thai shares rose 2.86 per cent Wednesday as investors bid up prices following the announcement that potentially violent weekend protest rallies had been postponed, brokers said. The Stock Exchange of Thailand index ended at 695.58, up 19.3 ...
Turkey, media group fail to settle tax dispute
Istanbul - Talks between Turkish officials and Dogan Yayin, Turkey's largest media group, have failed to yield a settlement over a 4.8 billion lira (3.2 billion dollar) tax fine, the group announced Wednesday. There has been no settlement reached by...
Banks continue to hide huge losses, warns IMF head
Paris - Banks are continuing to hide huge losses from investors, imperiling the economic recovery, the head of the International Monetary Fund (IMF), Dominique Strauss-Kahn, was quoted Wednesday as saying. Large losses remain concealed - 50 per cent...
German consumers cautiously optimistic ahead of Christmas trading
Berlin - Consumers in Europe's largest economy maintained a stable outlook in the run up to the key Christmas trading period, economic survey institute GfK reported Wednesday. While fears of rising unemployment in 2010 dampened the overall consumer c...
|
|
|
|
|
|
|
|
