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Hewlett-Packard's Palm Acquisition Gains FTC Approval

By Channel Insider Staff  |  Print this article Print
 
 
 
 
 
 
 

On June 1, the FTC granted HP early termination of a waiting period, moving the process on to a June 25 vote by Palm shareholders.

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."

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