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 Believe Local Journalism is Critical to the Life of a City
Engaging with our readers is essential to the Observer's mission. Make a financial contribution or sign up for a newsletter, and help us keep telling Dallas's stories with no paywalls.