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    HP close to deal to buy EDS: report

    in Hewlett-Packard
    DATE: 2008-05-12 | By Reuters


    Article Rating:starstarstarstarstar / 0
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    The Journal, citing people familiar with the matter, said a deal was expected to be announced as early as Tuesday.

    NEW YORK (Reuters) - Hewlett-Packard Co is close to a deal to buy Electronic Data Systems Corp for $12 billion to $13 billion, the Wall Street Journal reported on its Web site on Monday.

    The news sent EDS shares soaring 28 percent to $24.14 on the New York Stock Exchange. HP shares fell 4.1 percent to $47.16.

    Resource Library:

    The Journal, citing people familiar with the matter, said a deal was expected to be announced as early as Tuesday.

    HP declined to comment. EDS could not be contacted immediately for comment.

    © Thomson Reuters 2008. All rights reserved. Users may download and print extracts of content from this website for their own personal and non-commercial use only. Republication or redistribution of Thomson Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.

     





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