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1) Hewlett-Packard to Buy Rival Compaq -NYT: Computer giant Hewlett-Packard Co. (NYSE:HWP - news) will announce on Tuesday it is buying rival Compaq Computer Corp. (NYSE:CPQ - news) for $25 billion in stock, The New York Times reported on Monday evening, citing executives close to the negotiations.
While an agreement had been reached in the acquisition, specific
terms were not disclosed, according to the newspaper. However, a
premium is being offered for Compaq's stock, The New York Times
reported.
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