Settlement brings merger closer
Computing, 28 Jul 2008
HP and EDS have settled five outstanding lawsuits as the firms approach the final stages of their merger.
The shareholder lawsuits arose as a result of proposed buy-out.
As part of the settlement, the company has confirmed that the acquisition will not be completed before EDS reports a last quarter's financial results, which will deliver a final dividend to shareholders.
Last week HP received European Commission approval for the proposed $14bn buy-out of the services giant.
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