Hewlett-Packard to buy Mercury Interactive for $4.5 billion

Posted by From the Web

Hewlett Packard is paying $4.5 billion to buy Mercury Interactive, a maker of business management software that has been entangled in a stock options scandal for the past nine months.

The Palo Alto, Calif.-based computer and printer maker said it is paying $52 a share in cash for Mountain View, Calif.-based Mercury. That represented a 33% premium above Mercury's closing price of $39 in the over-the-counter market.

Read the complete story here. (USA Today)