EDS shareholders approve sale to HP
- 31 July, 2008 15:49
EDS stockholders on Thursday overwhelmingly approved the sale of the giant systems integrator to Hewlett-Packard, bringing the $13.9 billion deal one important step closer to completion.
The move follows the European Commission's July 25 vote to give the deal antitrust clearance. However, HP and EDS must first clear regulatory hurdles in other non-U.S. and non-E.U. jurisdictions, EDS said.
If it receives all approvals, EDS expects the sale to close in the third quarter. HP first announced its intentions in May.