Hewlett-Packard to buy Mercury Interactive for $4.5 billion
12:40 - Wednesday 26 July 2006 by From the Web
Source: Tom's Hardware – Keywords: hp, buys, mercury Category : Miscellaneous
Source: Tom's Hardware – Keywords: hp, buys, mercury Category : Miscellaneous
Hewlett Packard is paying $4.5 billion to buy Mercury Interactive, a maker of business management software that has been entangled in a stock options scandal for the past nine months.
The Palo Alto, Calif.-based computer and printer maker said it is paying $52 a share in cash for Mountain View, Calif.-based Mercury. That represented a 33% premium above Mercury’s closing price of $39 in the over-the-counter market.
Read the complete story here. (USA Today)
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