Palm pulls out of NASDAQ, now part of HP 6
by Dieter Bohn Thu, 01 Jul 2010 11:01 am EDT
Here it comes, Palm has just filed Form 25-NSE with the SEC,
NOTIFICATION OF REMOVAL FROM LISTING AND/OR REGISTRATION UNDER SECTION 12(b) OF THE SECURITIES EXCHANGE ACT OF 1934
That's them removing their stock from the NASDAQ stock market, folks. NASDAQ certified and signed the form, so everybody's in agreement here.
If last night's welcome to the new era didn't drive home the fact that Palm is now part of HP, the fact that very soon you won't be able to buy their stock independently should, eh?
Let's get it on, HP!
6 Comments
woot woot!
First thing I did this morning (after I kissed the fiance laying asleep beside me) was remove Palm's stock from my Express Stocks app =/ It was sad...but I added HPQ, APPL, and GOOG. Excited that Palm is being called a 'subsidiary' rather than a full takeover. Now I can't wait what is in store for us Sprint customers and the rest of the mobile world!!!
"...introducing the world's very first 4G webOS powered smartphone from Palm."
STOKED.
Bring it on HP!
What actually happens to PALM stockholders? Does it get converted to HPQ for us?
Palm stock was sold for $5.70/share. You should get a check within a few weeks. Should be a cashiers check, making it immediately available. Or at least that's how most acquisitions go.
They might have even negotiated a deal to get extra money if Palm over performs based on HP's estimates.
all my palm stock got converted to cash. i looked in my brokerage account and it said "cash merger" and i got money.