Home

Mercury Interactive

HP Again Extends Tender Offer for Mercury Interactive

Authored by dmw on October 16, 2006 - 1:23pm.
Palo Alto, Calif. - Palo Alto-based Hewlett-Packard said on Monday that it has again extended its tender offer for shares of Mountain View-based Mercury Interactive for two more weeks, with the offer now set to expire at midnight, October 27. As of October 13, approximately 81.5 million shares had been tendered and not withdrawn. In July, HP agreed to pay $52 a share, or about $4.5 billion, for Mercury, a provider of IT management software and services. HP is expecting the deal to increase the revenue of its HP Software business by 10%-15% in fiscal 2008.
tags: Deals | Tech | Investing | Acquisitions | HP | Tech Deals | Software | Offers | Mercury Interactive | Testing |