Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Hewlett-Packard Extends Autonomy Offer as It Awaits Acceptances

Don't Miss Out —
Follow us on:

Sept. 13 (Bloomberg) -- Hewlett Packard Co. has extended its $10.3 billion offer for Autonomy Corp. after investors agreed to part with less than half of the company’s shares.

Shareholders will now have until 10 a.m. London time on Oct. 3 to relinquish stock at 25.50 pounds ($40.32) a share, Palo Alto, California-based HP said in a regulatory filing today. The original deadline expired on Sept. 2.

As of Sept. 12, about 42 percent of shares had been submitted in acceptance of HP’s offer, the company said. Autonomy, based in Cambridge, England, is a developer of search software. The company’s annual sales increased 73 percent between 2008 and 2010, when revenue reached $870.4 million, according to Bloomberg data.

HP fell 7 cents, or 0.3 percent, to $22.58 in New York Stock Exchange composite trading yesterday. The stock declined 46 percent this year before today. Autonomy rose 7 pence, or 0.3 percent, to 2,524 pence at 12:58 p.m. in London trading.

To contact the reporter on this story: Amy Thomson in London at athomson6@bloomberg.net

To contact the editor responsible for this story: Kenneth Wong kwong11@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.