HP + Palm: Antitrust clearance a go (Updated) | webOS Nation
 
 

HP + Palm: Antitrust clearance a go (Updated) 11

by Robert Werlinger Wed, 02 Jun 2010 5:49 pm EDT

In a critical step in meeting its projected "before the end of Q3" close date in the company's acquisition of Palm, Schaeffer Research is reporting that HP announced this morning that it had received the necessary antitrust clearance needed to proceed forward with the transaction.  The next big piece of the puzzle comes in just a few days on June 25th, when Palm's shareholders are scheduled vote - with a strong "yes" recommendation from the board - on if the buyout should proceed as detailed in the company's most recent Definitive Proxy Statement filing with the SEC. If (we're thinking when) everything go as planned during that vote, Palm will become part of HP by July 31st as anticipated.

[source: Shaeffer Research]

Update: confirmed via a Palm SEC filing:

On June 1, 2010 the Federal Trade Commission granted early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, relating to the pending acquisition by Hewlett-Packard Company (“HP”) of Palm, Inc. Palm has also received all required pre-closing foreign antitrust approvals. The proposed merger remains subject to other customary closing conditions, including the approval of Palm’s stockholders. The special meeting of Palm’s stockholders to vote on the proposed merger is currently scheduled to be held on Friday, June 25, 2010.
 

Category:
Tags:

11 Comments

Great!! One step closer to Tablets and the mythical C40. GO HP/PALM!

Palm is dead

Long live Palm!

maybe that's why palm is giving away cash to the top apps because there getting new money from hp.

Must be new around here...that was started long before any talk of Palm even being up for sale was discussed.

palm, without engeneers and its keyposition-member is dead. And so palm paid for keeping them in company. Not palm but the knowledge is what itls worth to be bought...

I sure hope HP makes it rain cash money all over Palm.

I just got two Sprint Pres, as they're part of the last Indie Palm phones. I sure hope that HP keeps the Indie Palm hardware supported for a long time, as well as keeping the great Palm experience and the Palm brand. Here's to HP: may they NOT mess this up!

The stockholders need to vote with a strong "NO"!!! Don't let HP kill Palm like this!!!

if there isn't gonna be anymore Palm/HP smartphones what's the point?

No smartphones = vote NO