FTC Grants Approval for Hewlett-Packard's Palm Acquisition

By CIOinsight  |  Posted 06-03-2010
HP is crossing its t's and dotting its i's on its way to fully acquiring Palm. On June 1, the FTC granted HP early termination of a waiting period, moving the process on to a June 25 vote by Palm shareholders.

"The proposed merger remains subject to other customary closing conditions," states a document filed with the Securities and Exchange Commission, "including the approval of Palm's stockholders."

The stockholders have scheduled a special meeting for Friday, June 25, to vote on the proposed merger.