search technology reviews, news, features, group tests
Popular Searches:   windows , free , asus
 |  Register
 |  Newsletters  | 
Sitemap  |  RSS
RSS
Tuesday December 1, 2009 7:33 AM AEST
Skip Navigation LinksPC Authority > News > HP inches forward on Mercury acquisition
HP inches forward on Mercury acquisition
NEWS

HP inches forward on Mercury acquisition

by Tom Sanders  on Nov 2, 2006
Tags: HP | Mercury | acquisition
Transaction remains on track for completion by the end of this year.
Transaction remains on track for completion by the end of this year.

HP has waived all conditions to the completion of its tender offer for outstanding shares of Mercury Interactive, except for the requirement that stockholders commit a majority of the outstanding Mercury shares. 

HP first announced the US$4.6bn acquisition in August, saying at the time that it expected the transaction to close before the end of this year.

The company has since extended its tender offer three times, which is currently set to expire on 1 November.

Mercury become an acquisition target after the management software firm was caught in a stock option backdating scandal that forced its chief executive to step down earlier this year.

HP said last week that investors had tendered about 38.9 million Mercury shares, representing roughly 44 per cent of the company's outstanding stock.

The waiving of the conditions is a regular procedural step, HP said. The acquisition recently met the two other conditions when it was cleared by antitrust authorities and when Mercury published its delayed annual report for 2005.

Copyright © 2009 v3.co.uk
Email a Friend Email this
Print Page Print this
Tweet This Tweet this
Feedback Send us your tips


Ads by Google

Comments

Be the first to comment on this article.
Thoughts on this article? Add a comment below.
Login or register to submit a comment.
 

Top Stories

Picking the perfect home entertainment box: TiVo's upgraded Video on Demand is a kick in the guts for Foxtel iQ2
An explosion in high-def Personal Video Recorders with VoD services, like the TiVo and Telstra's T-Box, is making it harder and harder to justify paying for Foxtel each month
 
4 More Free Apps You Can't Do Without: Media Centre Apps
Not only can you stream movies from your PC to your big screen TV, but you can turn an Xbox into a media centre, and tap into online video on demand, all from the comfort of your lounge
 
Asus ships Eee Box 1501 mini desktop
Asus has announced overseas the availability of its Eee Box 1501 desktop PC that includes an optical drive and dedicated graphics chip with HDMI output, despite its small form factor and low price..
 


 
Intel
 
 
Amazing Dell Coupons now available
 
Discover Apple