The wait is over! HP has finally decided to buy Palm for $1.2 billion, which equals to $5.70 per share of Palm common stock. This deal is expected to be completed by the HP’s third fiscal quarter ending on July 31. Under the terms of the merger agreement, Palm stockholders will receive $5.70 in cash for each share of Palm common stock that they hold at the closing of the merger. Palm CEO Jon Rubinstein is expected to remain with the company. Check out the press release below.
HP Buys Palm For $1.2 Billion
HP has finally decided to buy Palm for $1.2 billion, which equals to $5.70 per share of Palm common stock. This deal is expected to be completed by the HP’s third fiscal quarter ending on July 31.
