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Company HP buys Palm. Officially, but there are questions

Thursday, April 29, 2010

The company Of hewlett-Packard officially declared about the acquisition of the producer of the cell phones of the company Of palm. This event did not become complete unexpected contingency, although HP into the number of basic aspirants to the inheritance “sick person” was not registered. By main potential buyers were called Taiwan company HTC and their Chinese competitors from the corporations Of lenovo and Huawei. Nevertheless HP, precisely, hp let out official press release about the acquisition Of palm. The sum of transaction are evaluated at 1,2 billion dollars or $5.70 per share. Transaction was approved by the boards of directors of both companies simultaneously. Its end takes place on July 31, 2010, when for HP ends the current block.

To this transaction attention already was meanwhile drawn both from the side of the market, which reacted by the corresponding increase in the stock price Of palm (+26.13%) and from the side of the owners of actions. The greatest interest appeared the group Of elevation Of partners, which put in the middle of 2007 into Palm $460 of mln. and it can obtain now to 485 millions from HP. Meanwhile law firm Finkelstein Of thompson LLP studied the explanation of the adequacy of the price of the real market value of company proposed. According to their data, in September last year one action of the company Of palm was evaluated at $17.46, but at the present moment - about $14. last figure however is not indisputable, since it is undertaken from information of those given by the unnamed market analyst. Very fact of the investigation Of finkelstein Of thompson LLP cannot lead to the disruption of transaction, but it can demonstrate they acquired or by losses at sale Of palm its shareholders.



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