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Under the terms of the deal, H-P will pay $5.70 per Palm share. Including warrants and convertible and preferred shares, H-P will pay a total of $1.4 billion. Palm had about $592 million in cash on hand at the end of its third quarter, and about $390 million in debt that will be retired by the deal’s closing.
Hewlett-Packard to Buy Palm for $1.2 Billion - DealBook Blog - NYTimes.com
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