HP Completes Tender Offer for Opsware Inc.; Expects to Complete Acquisition within Several Days
PALO ALTO, Calif., Sept. 17, 2007
HP today announced that it has completed its tender offer for Opsware Inc.
HP's tender offer for all of the outstanding shares of Opsware expired at 5 p.m., New York City time, on September 14, 2007. As of that time, approximately 104.2 million shares, representing approximately 96 percent of Opsware's outstanding shares, were tendered and not withdrawn in the offer (including shares tendered by notice of guaranteed delivery). HP has accepted for payment all tendered shares.
The completion of the tender offer is the first step in HP's two-step acquisition of Opsware. The second and final step, the merger of Opsware with an HP subsidiary, is expected to occur within the next several days.
About HP
HP focuses on simplifying technology experiences for all of its customers - from individual consumers to the largest businesses. With a portfolio that spans printing, personal computing, software, services and IT infrastructure, HP is among the world's largest IT companies, with revenue totaling $100.5 billion for the four fiscal quarters ended July 31, 2007. More information about HP (NYSE: HPQ) is available at www.hp.com.
