Palm Goes To HP
Sunnyvale-based Palm is being acquired by HP, the two firms announced Wednesday afternoon, in a deal worth $5.70 per share of Palm common stock in cash, or approximately $1.2 billion. Jon Rubinstein, chairman and CEO of Palm, is expected to remain with the company. Palm has been rumored to be in play in recent weeks.
posted on Wednesday, April 28, 2010
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