Palm Stockholders approve HP buyout, expected to close July 1st 33
Palm has just filed an 8-K report with the SEC:
At a special stockholder meeting held June 25, 2010, the stockholders of Palm, Inc. (“Palm”) approved the Agreement and Plan of Merger dated April 28, 2010 among Palm, District Acquisition Corporation and Hewlett-Packard Company (“HP”). Such approval occurred by way of the affirmative vote of a majority of the (i) holders of the outstanding shares of Palm common stock, Series B preferred stock and Series C preferred stock at the close of business on the record date, May 24, 2010, voting together as a single class on an as-converted basis, and (ii) holders of the outstanding shares of Palm common stock not beneficially owned by Elevation Partners, L.P., or its affiliates.
The transaction is expected to close on Wednesday, July 1, 2010.
In other words: t's officially official. Palm has five more days as an independent company, then they will become an arm of HP headed by current CEO Jon Rubinstein.
If you've got bubbly, it's now time to break it out!
Source: SEC Filing
33 Comments
Let me be the first to say yay!
Announce that new phone in 5 days, HP!
Ok, unless my Pres's calendar is wrong, July 1st is Thursday not Wednesday.
The DST bug bites again.
here's hoping for the best
Ha - 7/1 is Thursday. I actually chuckled.
Now bring on the new hardware, the 1.4.5 update, the tablet rumors and the bank account spilling forth with HP cash!
Yes! Ok now lets hear what device is coming out next! Give me a bigger screen HP/Palm so I can play some awesome 3D games!!
BOO-YA!
Awesome... Look forward to the future Palm "webOS" Device's (Hp|Palm)...
July 1 is my birthday and I'll have lots of birtday cash to spend on WebOS devices, like the C40 and Hurricane. The 1.4.5 update simply won't do.
It will be nice when the new devices begin to roll out and HPalm begins to flex it's muscles. I'm sure WebOS 3.0, (yes, I said 3.0) will have the momentum, market share and brand recognition that it deserves. Our patience will be rewarded.
Our time in the desert(v2.0) is almost over!
i was just talking to someone last night about what you just said. i completely agree.
I think the next set of phones will be nice, and a great improvement and all us faithful will be excited and pleased but i think we wont be seeing the truely amazing stuff until 3.0 i think after a year HP will be really implimenting those software companies they've bought recently into webos. i think that for now its just too soon for those newly acquired technologies to be integrated but i strongly believe the set of phones after the upcoming set will be something crazy amazing.
did you guys see the great quotes found in an HP blog? great thread:
http://tiny.cc/ovfvi
WooHoo!
so since we are all giddy at palm has made it's transitions, can we get that update now? My stupid pixi isn't taking 1.4.1 so well.
We are living in a different dimension, the deal really went through last year we are just catching up to it. I have seen the Future.
I'm breakin out the bubbly, but not to celebrate...
I'm still a Palm fan but HP just annoys me. Get ready for crappy (some would say crappier) hardware..if it's developed and/or built by HP
Great Canada Day Present :)
now maybe Bell or Rogers will get a new phone :)
a speed merchant running webos
f;kshda;flkhsdal;ghrsda;lkhf;
I know exactly how you feel
i for one cant wait for this transaction to be done so we can move on to a new device already
The future is looking bright, time for webOS to reach it's full potential, exciting times are ahead for all of us Palm loyalists!
Hopefully the silence end on July 1st as well.
great! Now it's just about time for the leeks :)
umm...yes, everyone enjoy a green leafy vegetable.
Thanks for the laugh dtreo. This site has the best Sarcasm.
Makes me want to download more apps. Now if we could just get the Pre Plus on Sprint!!!!!
WHAT??? Forget the Pre Plus...give us new hardware in September!!!
All good news to me... :) Sorli...
this is great news .. Bring on the future devices
that means Plam has only 5 days to deliver the WebOS 1.4.5 and Flash to thier customers.
So does that mean they can finally talk about their new hardware? Because if they announce it before my 30 days are up, I /might/ return my EVO.
I have to get a new phone. Do you think it is worth waiting for the new HPalm to come out or will it still be a long wait?