Market Talk: H-P & EDS??? (HPQ, EDS)
May 12, 2008 by Douglas A. McIntyreIf you thought big tech mergers were over, there may be another one brewing. Be sure to focus on the term "may"" in that. The WSJ has reported that Hewlett-Packard (NYSE: HPQ) is in advanced talks to acquire Electronic Data Systems Corporation (NYSE: EDS) for between $12 Billion and $13 Billion. CNBC has just now covered this as well.
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H-P is down 2% at $47.94 today, and its market cap is $118 Billion. EDS shares are trading up 25% now at $23.54 and its market cap after this pop is just under $12 Billion; its 52-week trading range is $15.71 to $29.13.
Stay tuned….
Jon C. Ogg
May 12, 2008
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