Business News

HP Announces Expiration of Waiting Period Under HSR Act

Wednesday 02. July 2008 - HP today announced that the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 relating to HP’s proposed acquisition of Electronic Data Systems Corporation has expired without a request for additional information by the U.S. Department of Justice or the Federal Trade Commission.

The transaction still requires EDS stockholder approval and regulatory clearance from the European Commission and other non-U.S. jurisdictions and is subject to the satisfaction or waiver of the other closing conditions specified in the merger agreement.