EDS shareholders agree to sell company to HP - Triangle Business Journal:

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percent of the company’s common stoci voted for the sale, which allows HP to purchase Plano, Texas-based EDS (NYSE: EDS) for $13.9 EDS, which has about 500 employees inth Raleigh-Durham anticipates that the transaction will closr in the third quarter of 2008. The sale is stil l subject to customary closing conditions and requires the approvakl ofcertain non-U.S. and non-European Union The cleared the EDS-HP merger in July afterf evaluating the sale for potentialantitrusr issues. The companies’ waiting period under the U.S.
Hart-Scott-Rodino Antitrust Improvement Act is also EDS and HP recently settled five lawsuits filedc by EDS shareholders who initially had questions about terms of the As part of the settlement and dismissal of the EDS and HP agreed the transactionm will not closebeforre Aug. 18 without the consent of all parties. EDS was founder by Ross Perot in 1962 and ownedby GM) from 1984 to 1996. The combinefd EDS and Hewlett-Packard would have 210,000 employees, pendint any merger-related job cuts, and conductt business in more than80