Feeds

EDS shareholders welcome HP overlords

Vote favors $13.9bn acquisition

Secure remote control for conventional and virtual desktops

Hewlett-Packard's proposed $13.9bn purchase of the computer services giant Electronic Data Systems (EDS) has been overwhelmingly approved by its shareholders.

EDS said about 98.8 per cent of the company's shares of common stock were in favor of the acquisition. That number represents about 72 per cent of total EDS outstanding shares.

Votes were tallied during a special meeting of stockholders held this morning — lasting only 15 minutes before closing.

EDS CEO Ron Rittenmeyer took questions from shareholders and employees after the meeting, but the session was closed to reporters.

The deal itself will be finalized no sooner than August 18, as agreed by recent settlements of five shareholder lawsuits related to the buyout. EDS said it expects the transaction will close in the third quarter of 2008.

EDS and HP have already received clearance to merge by European Union and US regulatory authorities. The deal still requires approval in other countries the companies have their hands in, but this is likely to arrive soon. ®

Top 5 reasons to deploy VMware with Tegile

More from The Register

next story
I'll be back (and forward): Hollywood's time travel tribulations
Quick, call the Time Cops to sort out this paradox!
Musicians sue UK.gov over 'zero pay' copyright fix
Everyone else in Europe compensates us - why can't you?
Megaupload overlord Kim Dotcom: The US HAS RADICALISED ME!
Now my lawyers have bailed 'cos I'm 'OFFICIALLY' BROKE
MI6 oversight report on Lee Rigby murder: US web giants offer 'safe haven for TERRORISM'
PM urged to 'prioritise issue' after Facebook hindsight find
BT said to have pulled patent-infringing boxes from DSL network
Take your license demand and stick it in your ASSIA
Right to be forgotten should apply to Google.com too: EU
And hey - no need to tell the website you've de-listed. That'll make it easier ...
prev story

Whitepapers

Driving business with continuous operational intelligence
Introducing an innovative approach offered by ExtraHop for producing continuous operational intelligence.
Why CIOs should rethink endpoint data protection in the age of mobility
Assessing trends in data protection, specifically with respect to mobile devices, BYOD, and remote employees.
Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Mitigating web security risk with SSL certificates
Web-based systems are essential tools for running business processes and delivering services to customers.