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HP bought Palm after a five-company bidding war

– May 16, 2010Posted in: Hewlett Packard, Hp, Jon Rubinstein, JonRubinstein, Merger, Palm, Sec, buyout, financial, hewlettpackard, merge

729349549 04 29 10palmhp HP bought Palm after a five company bidding war

Palm and HP seem like the happiest of corporate couples right now, but theirs was a heated courtship: according to Palm’s latest statement to shareholders, a total of 16 companies were contacted about a deal, and HP was the winner of a month-long bidding war that involved serious offers from five companies — a bidding war that involved Jon Rubinstein personally warning HP that it had to “significantly and immediately” increase its offer to remain in the game. What’s more, HP’s winning bid came in at just 20 cents a share more than its primary rival. Yeah, it’s juicy — read on for the full blow-by-blow.

Continue reading HP bought Palm after a five-company bidding war

HP bought Palm after a five-company bidding war originally appeared on Engadget on Sun, 16 May 2010 16:13:00 EST. Please see our terms for use of feeds.

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Tags: Bidding War, Blow By Blow, Couples, Courtship, Engadget, gadgets, Game, Hp, Jon Rubinstein, Nbsp, Palm, Shareholders, Sun, Url

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