HP close to deal to buy EDS: report

By Reuters  |  Posted 2008-05-12 Email Print this article Print
 
 
 
 
 
 
 

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.

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.

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