HP, Compaq Deal Approved

Posted by ryuzaki0 on Friday May 3, 2002 @02:38AM from the massive-layoffs-coming-soon dept.

EyesWideOpen writes "The merger between Hewlett-Packard Co. and Compaq Computer Corp. (originally reported in this Slashdot story) is now official according to eWeek as well as SiliconValley.com. From the eWeek article:'Hewlett-Packard Co. today announced that it will complete its $19 billion buyout of Compaq Computer Corp. and that the merged companies will formally launch as the new HP on May 7.'For you investors out there, HP will begin trading under the new symbol HPQ on Monday." A message to the Interesting People list gives some insight into the shareholder voting procedure.

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Re:Bad for all by Alioth · 2002-05-03 04:38 · Score: 1, Redundant

What I don't understand is why the Hewlett-Paqard merger is called a merger - not a takeover, which it is (it may not be a hostile takeover, but it's a takeover nonetheless).

My Dad always told me that there are never marriages in business, only rapes. Calling it a "merger" is just to make it sound nice and huggy-feely when it's really takeover and destroy.

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