Deals
HP to Buy ArcSight for $1.5 Billion, Gaining Software
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Hewlett-Packard Co., the world’s biggest personal-computer maker, agreed to buy ArcSight Inc. for about $1.5 billion to gain security software.
ArcSight investors will receive $43.50 a share in cash, Palo Alto, California-based HP said today in a statement. That’s 24 percent more than the stock’s Sept. 10 closing price.