• Published 00:00 02.11.06
  • Latest update 00:00 02.11.06

HP to complete Mercury acquisition within days

Stockholders agreed to sell 96% of the company's shares; deal values Mercury at $4.5 billion

By Reuters

PC-maker Hewlett-Packard Co. on Thursday said it had completed a tender offer for Israel's Mercury Interactive Corp. with about 85.7 million shares or 96% received and accepted.

HP said it expected to complete its roughly $4.5 billion acquisition of Mercury through a merger with an HP subsidiary in the next few days. After the merger, Mercury stock will be delisted.

The deal aims to expand HP's business software operations.

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