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HP’s Palm Acquisition Gains FTC Approval

HP’s Palm Acquisition Gains FTC Approval

HP is crossing its t’s and dotting its i’s on its way to fully acquiring Palm. On June 1, the FTC granted HP early termination of a waiting period, moving the process on to a June 25 vote by Palm shareholders.

Hewlett-Packard moved a step closer to officially owning smartphone-maker Palm June 1, when the Federal Trade Commission gave its approval of the acquisition, granting the early termination of a waiting period imposed by a 1976 antitrust act.
 
“The proposed merger remains subject to other customary closing conditions,” states a document filed with the Securities and Exchange Commission, “including the approval of Palm’s stockholders.”

Read More/Source: eWeek

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Stuart Davidson

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