Hewlett-Packard’s Palm Acquisition Gains FTC Approval

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The stockholders have scheduled a special meeting for Friday, June 25, to vote on the proposed merger.

Hewlett-Packard moved a step closer to officially owning smartphone-maker Palm June 1, when the Federal Trade Commission gave its approval of the acquisition, granting the early termination of a waiting period imposed by a 1976 antitrust act.

“The proposed merger remains subject to other customary closing conditions,” states a document filed with the Securities and Exchange Commission, “including the approval of Palm’s stockholders.”