Hewlett-Packard acquires E.D.S.

The Hewlett-Packard Company, the personal computer and printer maker, said Tuesday that it would acquire the Electronic Data Systems Corporation, the operator of corporate computer systems, for $13.9 billion, reports The New York Times. The price of $25 a share would represent a 32.5 percent premium to Electronic Data Systems’ closing price of $18.86 on Friday. The transaction, which is expected to close in the second half of this year, has been approved by the boards of both companies.

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