HPQ » Topics » Item 2.01. Completion of Acquisition or Disposition of Assets.

This excerpt taken from the HPQ 8-K filed Aug 26, 2008.

Item 2.01.  Completion of Acquisition or Disposition of Assets.

 

On August 26, 2008, pursuant to the terms of the Agreement and Plan of Merger, dated as of May 13, 2008, among Hewlett-Packard Company, a Delaware corporation (“HP”), Hawk Merger Corporation, a Delaware corporation and a wholly-owned subsidiary of HP (“MergerCo”), and Electronic Data Systems Corporation, a Delaware corporation (“EDS”), as amended by Amendment No. 1 thereto (“Amendment No. 1”), dated as of July 25, 2008 (as so amended, the “Merger Agreement”), MergerCo was merged with and into EDS (the “Merger”) with EDS continuing as the surviving corporation and becoming a wholly-owned subsidiary of HP.  Pursuant to the terms of the Merger Agreement, at the effective time of the Merger, each share of common stock of EDS that was outstanding immediately prior to the effective time of the Merger (other than the Excluded Shares (as defined in the Merger Agreement)) was converted into the right to receive $25.00 in cash, without interest and net of any applicable withholding taxes.

 

The foregoing description of the terms set forth in the Merger Agreement and Amendment No. 1 are qualified in their entirety by reference to the Merger Agreement and Amendment No. 1.  A copy of the Merger Agreement was attached as Exhibit 2.1 to our Current Report on Form 8-K/A filed with the Securities and Exchange Commission (“SEC”) on May 13, 2008, and a copy of Amendment No. 1 was attached as Exhibit 2.1 to our Current Report on Form 8-K filed with the SEC on July 25, 2008.

 

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