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