HP to buy ArcSight for $1.5 billion
Hewlett-Packard clinched the acquisition days after it defeated rival Dell in a bidding war for 3Par.
By Scott Moritz, TheStreet
ArcSight shares had been trading at 52-week highs this month as merger speculation heated up interest in the company, which recently put itself on the sales block.
HP says it will pay $43.50 in cash for all of the outstanding shares of ArcSight and expects the deal to close by year's end.
Hewlett-Packard shares were rising 0.1% to $38.21.
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[BRIEFING.COM] Sellers remain largely at bay, so the major indices have been able to keep on keepin' on near their highs for the day. The Nasdaq, which tuned positive for the week, is actually trailing the other major indices today with a 0.7% gain.
Apple (AAPL 561.80, -6.11) has been a drag on the Nasdaq, but otherwise there has been some pretty good support for the Composite.
Intel (INTC 25.00, +0.74) is acting as an offset of sorts as it benefits from a ... More
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