May 13, 2008 - HP and EDS signed a definitive agreement under which HP will purchase EDS at a price of $25.00 per share or an enterprise value of approximately $13.9 billion.
HP intends to establish a new business group, to be branded EDS - an HP company, which will be headquartered at EDS's existing executive offices in Plano, Texas. EDS will continue to be led after the deal closes by EDS chairman, president and chief executive officer Ronald A. Rittenmeyer.
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