Profit

HP to buy EDS; open offer for Mphasis likely

PUBLISHED ON: May 13, 2008 | Duration: 2 min, 51 sec

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Technology firm Hewlett-Packard on Monday said it will acquire technology services firm Electronic Data Systems for an estimated $13.9 billion. EDS holds 60.9 per cent in the Indian firm Mphasis. HP's deal may trigger open offer for Mphasis, which saw it stock close up by 9.88 per cent in Tuesday's trade.
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