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(NYSE:HPQ)
HP Buying Palm for $1.2 Billion
Posted on Wednesday, Apr 28th
Well, just about a month back, I analyzed what went wrong at Palm (NASDAQ:PALM) and said that the best fit for Palm as an acquirer would be HP (NYSE:HPQ). Well, HP IS acquiring Palm for $1.2 billion in cash including debt. HP will pay $5.70 per Palm share, a 23% premium to Wednesday’s closing price
