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.

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