What Ross Perot's Thousand-Dollar Investment Has Yielded

Breaking news from The Wall Street Journal concerning the sale of a DallasPlano company you might have heard of. Reports the paper in a subscription-only piece at which you can sneak a peak: "Hewlett-Packard Co. was close to a deal to acquire Electronic Data Systems Corp. for between $12 billion and $13 billion, according to people familiar with the mater. The terms of the deal were not immediately clear but an announcement was expected soon, the people said." Notes Reuters in a brief follow: "The news sent EDS shares soaring 28 percent to $24.14 on the New York Stock Exchange. HP shares fell 4.1 percent to $47.16." Both HP and EDS have declined comment. Too busy drinking champagne out of Ronald A. Rittenmeyer's loafers. --Robert Wilonsky

We use cookies to collect and analyze information on site performance and usage, and to enhance and customize content and advertisements. By clicking 'X' or continuing to use the site, you agree to allow cookies to be placed. To find out more, visit our cookies policy and our privacy policy.