(Bloomberg) -- Hewlett-Packard Co. agreed to acquire Aruba Networks Inc., a maker of wireless-network infrastructure used by hotels, universities and shopping malls, for $2.7 billion in cash to bolster its networking business.

Aruba investors will get $24.67 a share, the companies said Monday in a statement. Including debt and cash, the deal has a value of $3 billion.

Register or login for access to this item and much more

All Information Management content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access