(Hewlett-Packard Co.) is buying the software security company ArcSight, Inc. for $ 1.5 Billion, while hunting for new chief executive, the company Continued spending to high heaven has it's acquisitions. It is Monday, the trans-action was announced, this is second big deal of the company since the departure of CEO Mark Hurd. HP Also won the bidding battle in the war against DELL for 3PAR Data Storage Company Inc.
HP will pay $ 43.50 in cash per share for ArcSight, this will be 24 PERCENT premium Thurs ITS closing price last week. This deal includes a Breakup fee of $ 61 million wakes ArcSight Zapraszamy pay HP Thurs terminate this deal if it gets a better offer.
Software helps companies of ArcSight to Protect Their digital assets from cyber crimes and fraud. According to many Analysts, HP paid more and They Also Said the deal fits with broader ITS Enterprise Strategy. Well, time will tell if this was right thing to do one OR NOT!
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