The IT company, HP has free rein to the takeover of the British software
maker Autonomy. Until yesterday's expiration of the term holders have
agreed to 213 million shares or 87.34 percent of Autonomy of the shares
of the takeover, said HP. Were required at least 75 percent. HP has thus
fulfilled all the requirements by its own account for the acquisition.
HP had the time for the third Extended in October, after the Autonomy
shareholders in September had been hesitant. The IT group will pay 25.50
pounds per share, ie a premium of 79 percent on the price before the
announcement of the deal. HP will pay a total of 7.8 billion pounds (9.1
billion euros). Autonomy will operate independently under the umbrella
of HP. Founder and CEO Mike Lynch will continue to lead the company.
The acquisition is part of Autonomy in August by former HP CEO Léo
Apotheker issued strategy to rethink the PC business and rely more on
software and cloud computing. In September, HP pharmacist replaced by
the former eBay chief Meg Whitman, but maintained the strategy.
No comments:
Post a Comment