HP almost there in Mercury takeover
- Author:
- Antony Savvas
- Posted:
- 15:25 03 Nov 2006
Hewlett-Packard has almost wrapped up its delayed £2.4bn takeover of Mercury Interactive, after completing its tender offer for all the outstanding shares, which expired on 1 November.
The company said it had acquired about 85.7 million shares, representing approximately 96% of Mercury’s outstanding shares, in the first step in HP’s two-step acquisition. The second and final step, the merger of Mercury with an HP subsidiary, is expected to occur within the next few days.
Mercury Interactive is a business technology optimisation company. The takeover was first announced in July.
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