Storage Soup

Jul 28 2008   1:37PM GMT

HP settles EDS shareholder lawsuit

Beth Pariseau Beth Pariseau Profile: Beth Pariseau

Last week I noted that EDS shareholders had filed suit to delay the closing of HP’s acquisition of the IT services company. The Wall Street Journal has since reported that HP and EDS will settle with those shareholders. As part of the settlement agreement, HP and EDS will delay the merger until Aug. 18. That allows investors to reap an additional 5 cent-per-share dividend. The companies have also agreed to turn over more information about the structure of the deal requested by shareholders.

 Comment on this Post

 
There was an error processing your information. Please try again later.
Thanks. We'll let you know when a new response is added.
Send me notifications when other members comment.

REGISTER or login:

Forgot Password?
By submitting you agree to receive email from TechTarget and its partners. If you reside outside of the United States, you consent to having your personal data transferred to and processed in the United States. Privacy

Forgot Password

No problem! Submit your e-mail address below. We'll send you an e-mail containing your password.

Your password has been sent to: