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

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