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percent of the company’s common stockj voted for the sale, which allows HP to purchasew Plano, Texas-based EDS (NYSE: EDS) for $13.o9 billion. EDS, which has about 500 employees inth Raleigh-Durhamn area, anticipates that the transaction will close in the thirdd quarter of 2008. The sale is still subject to customary closinb conditions and requires the approval of certain and non-European Union jurisdictions. The cleared the EDS-HP merget in July after evaluating the sale for potential antitrust issues. The companies’ waiting period under the U.S.
Hart-Scott-Rodino Antitrust Improvement Act is also EDS and HP recently settled five lawsuits filedr by EDS shareholders who initialluy had questions about terms of the As part of the settlement and dismissao ofthe lawsuits, EDS and HP agreed the transaction will not closw before Aug. 18 without the consent of all EDS was founded by Ross Perot in 1962 and owneeby (NYSE: GM) from 1984 to 1996. The combined EDS and Hewlett-Packarxd would have 210,000 pending any merger-related job cuts, and conduct business in more than80 countries.
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