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HP completes tender offer for Opsware
By Lisa Kerner
Charlotte, N.C., Sept. 17 - Hewlett-Packard Co. completed its tender offer for Opsware Inc. as planned on Friday.
Some 104.2 million shares, or 96% of Opsware's outstanding shares, were tendered in the offer.
The merger of Opsware with a Hewlett-Packard subsidiary is expected to occur within the next several days, according to a company news release.
On July 23, Hewlett-Packard agreed to acquire Opsware in a $14.25-per-share cash tender offer valued at approximately $1.6 billion including debt.
Hewlett-Packard is an information technology company based in Palo Alto, Calif.
Opsware, based in Sunnyvale, Calif., is a data center automation company.
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