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HP close to deal to buy EDS: report

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 […]

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Channel Insider Staff

May 12, 2008

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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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HP close to deal to buy EDS: report

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