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H-P in advanced talks to buy EDS for $12-$13 bln: report

SAN FRANCISCO (MarketWatch) — 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 Monday on its Web site, citing to people familiar with the matter. Terms were not disclosed but an announcement is expected as early as Tuesday, the Journal reported. Shares of Electronic Data Systems jumped 26% to $23.78 following the report. Shares of Hewlett-Packard fell 4.6% to $46.89 in recent trading.
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Original post by Forextvblog

This entry was posted on Monday, May 12th, 2008 at 3:14 pm and is filed under Daily Forex Analysis. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

One Response to “H-P in advanced talks to buy EDS for $12-$13 bln: report”

  1. HP To Acquire EDS « Investment Playground Says:
    May 12th, 2008 at 3:58 pm

    […] Firstly - HP has been a solid company that has been able to grow extremely fast (from the tech drop in 2002 of $11.45 to a recent $55 per share). They’re pulling together over $100 billion in annual revenue from a number of offerings - Enterprise Storage and Servers for businesses, IT Services, Software Solutions, Personal System Computers, Imaging and Printing, and financial services. The company’s profit margins are increasing to over 9% (not bad for a production and capital heavy company). The P/E ratio of about 16.5 is under the industry’s 18.5. We’ve seen the stock take a beating from $51 down to $40 and back up to $49.97 this morning. Now with the acquisition news - we’re down to $46. Preliminary reports say the acquisition sticker price is at $12 billion. […]

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