Posted on July 22, 2008 at 4:51 PM
Filed under: Acquisitions
Tagged: business services , Electronic data systems , Hewlett-Packard , M&A , shareholders meeting

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With nasty dealmaking dominating the M&A headlines -- InBev SA-Anheuser-Busch Cos. and Microsoft Corp.-Yahoo! Inc., to name two -- Hewlett-Packard Co.'s planned acquisition of Electronic Data Systems Corp. was a refreshing reminder that friendly deals could still get done. Not so fast. It seems EDS shareholders aren't so sure about their company's plan to be acquired by HP -- at least not at the suggested $13.9 billion price.

The $25 per share price represents a 33% premium over EDS' stock price before the deal was announced, but a contingent of shareholders thinks the price is too low and has reportedly asked a Texas judge to postpone a scheduled July 31 vote. A decision is expected on Thursday.

And just when everything seemed to be going so smoothly. - Suzanne Stevens 

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