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HPQ » Topics » Pending acquisition in fiscal 2010

This excerpt taken from the HPQ 10-Q filed Mar 11, 2010.

Pending acquisition in fiscal 2010

        In November 2009, HP entered into a definitive agreement to acquire 3Com Corporation ("3Com"), a global enterprise provider of networking switching, routing and security solutions, at a price of $7.90 per share in cash or an enterprise value of approximately $2.7 billion. The acquisition has received clearance from U.S. and European Union regulatory authorities and the approval of 3Com's stockholders. The closing of the acquisition is subject to certain closing conditions, including obtaining requisite approvals on clearances under certain antitrust or competition laws. The transaction is expected to close in HP's second fiscal quarter of 2010.

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