Feeds

EDS shareholders welcome HP overlords

Vote favors $13.9bn acquisition

Combat fraud and increase customer satisfaction

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. ®

3 Big data security analytics techniques

More from The Register

next story
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
Audio fans, prepare yourself for the Second Coming ... of Blu-ray
High Fidelity Pure Audio – is this what your ears have been waiting for?
Did a date calculation bug just cost hard-up Co-op Bank £110m?
And just when Brit banking org needs £400m to stay afloat
Sorry London, Europe's top tech city is Munich
New 'Atlas of ICT Activity' finds innovation isn't happening at Silicon Roundabout
MtGox chief Karpelès refuses to come to US for g-men's grilling
Bitcoin baron says he needs another lawyer for FinCEN chat
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
Apple DOMINATES the Valley, rakes in more profit than Google, HP, Intel, Cisco COMBINED
Cook & Co. also pay more taxes than those four worthies PLUS eBay and Oracle
prev story

Whitepapers

Top three mobile application threats
Learn about three of the top mobile application security threats facing businesses today and recommendations on how to mitigate the risk.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
SANS - Survey on application security programs
In this whitepaper learn about the state of application security programs and practices of 488 surveyed respondents, and discover how mature and effective these programs are.