Friday, August 1, 2008

EDS, HP Seal Deal

Plano-based EDS said Thursday afternoon that its stockholders have approved its merger with the Hewlett-Packard Company. According to the firm, 98.8 percent of the EDS common stock voting on the proposal were in favor of the merger, which was originally announced in May. The deal is worth approximately $13.9B. The deal has also cleared antitrust approval in Europe in the US. EDS said the deal still requires regulatory clearance from certain non-U.S. and non-E.U. jurisdictions.