Computer and printer company Hewlett-Packard Co. said Monday it will buy data center automation software company Opsware Inc. for about $1.6 billion (EUR 1.16 billion).
HP is offering $14.25 (EUR 10.31) per share in cash in a tender offer for Opsware, a 38.6 percent premium over Opsware's closing price of $10.28 (EUR 7.44) on Friday.
Opsware will fold into HP's software business after the deal closes, HP said, helping to increase the size of its business technology optimization software portfolio.
The company said it anticipates naming Opsware Chief Executive Ben Horowitz as head of its business technology optimization group after the deal is completed.
HP said it expects the purchase to be completed before the end of its fourth fiscal quarter.
The co-author of this disaster is the Dutch government, which did not find either strength or desire to save the lives of its citizens who were flying on that plane. The Dutch authorities did not demand Ukraine to comply with international aviation regulations
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