Hp To Buy Aruba Networks In $3b Deal

Hewlett-Packard is boosting its mobile computing business. It is buying California-based Aruba Networks-- a wi-fi network gear maker for $24.67 per share... that's a 34 percent premium to its closing price on February 24... one day before the stock spiked after Bloomberg reported the two firms were in talks. The total value of the deal including cash and debt is $3 billion.

Topics:  california-based aruba networks    february   bloomberg   hp   buy   deal   

 

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