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EDS shareholders give HP the nod

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Following approval from US regulatory bodies and, this week, the European Commission (EC), Hewlett-Packard's $13,9-billion takeover of Electronic Data Systems (EDS) yesterday garnered the wholehearted backing of EDS shareholders.

The Register reports that 98,8% of the company's shares of common stock, or 72% of total EDS outstanding shares, were in favour of the acquisition at a special stockholders meeting held yesterday.
As reported earlier in the week, the acquisition will be finalised after 18 August following an agreement between HP and five shareholders who issued lawsuits against the purchase.