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104.2 million shares, representing approximately 96 percent of Opsware’s outstanding shares, were tendered and not withdrawn in the offer (including shares tendered by notice of guaranteed delivery).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.-HP news
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