The Snooze’s go-to business analysts said they liked Hewlett-Packard’s takeover of Electronic Data Systems.
Well, the Street didn’t like it. H-P got pummeled today over the final price of $13.9 billion for the takeover, first reported in rumors at a flat $13 bil.
Heck, the price has gone up by the hour. The Snooze first priced it at $12.6, but that wasn’t including assumed debt.
And, integrating the Ross Perot-type button-down culture of Plano with that of Palo Alto, Calif., sounds “interesting” at least and near-impossible at worst.
Of course, the “integration” will be easier after H-P whacks a number of EDS jobs.
That, in turn, won’t make the recession in D/FW any lighter.
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