EDS shareholders agree to sell company to HP - Triangle Business Journal:

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percent of the company’s common stock votedx for the sale, which allows HP to purchas Plano, Texas-based EDS (NYSE: EDS) for $13.9 billion. EDS, whichn has about 500 employees inth Raleigh-Durhan area, anticipates that the transaction will close in the thirxd quarter of 2008. The sale is still subject to customary closing conditions and requiresa the approval ofcertain non-U.S. and non-Europeaj Union jurisdictions. The cleared the EDS-HP merger in July after evaluatingy the sale for potentialantitrust issues. The waiting period under the U.S.
Hart-Scott-Rodino Antitrust Improvement Act is also EDS and HP recently settledx five lawsuits filed by EDS shareholders who initially had questions about termsz ofthe agreement. As part of the settlemenft and dismissal ofthe lawsuits, EDS and HP agreec the transaction will not close beforwe Aug. 18 without the consentt of all parties. EDS was founded by Ross Perot in 1962 and ownedby (NYSE: GM) from 1984 to 1996. The combinex EDS and Hewlett-Packard woule have 210,000 employees, pending any merger-related job and conduct business in more than80 countries.