HP snaps up Mercury Interactive

Iria · Jul 26, 2006, 01:10 AM

Source: News.com
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Hewlett-Packard announced Tuesday that it will acquire management software company Mercury Interactive for $52 a share, or $4.5 billion in cash.

"I am confident that this transaction means HP is building a software business that must be reckoned with," Mark Hurd, HP's chief executive officer, said in a conference call following the announcement.

Jul 26, 2006, 01:10 AM	#1
Iria DriverHeaven Extreme Member Join Date: Apr 2004 Posts: 7,275 Rep Power: 89	HP snaps up Mercury Interactive Source: News.com ___________ Hewlett-Packard announced Tuesday that it will acquire management software company Mercury Interactive for $52 a share, or $4.5 billion in cash. "I am confident that this transaction means HP is building a software business that must be reckoned with," Mark Hurd, HP's chief executive officer, said in a conference call following the announcement.