HP Receives HRS Clearance to Acquire Comdisco Services

HP announced on Monday that the Hart-Scott-Rodino (HSR) regulatory waiting period relating to its definitive agreement with Comdisco Inc. to acquire substantially all of Comdisco's Availability Solutions business has expired. On July 16, HP announced it had signed a definitive agreement to acquire Comdisco's business continuity and complementary consulting services businesses for $610 million in cash, subject to certain closing adjustments.

The agreement between HP and Comdisco remains subject to bankruptcy court sales process and approvals since Comdisco's parent company and a number of its U.S. subsidiaries filed voluntary petitions on July 16 for relief under chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the Northern District of Illinois.

HP expects to integrate the Comdisco continuity and professional services businesses within its HP Operations organization, which is part of HP Services.

For more information, visit www.hp.com/hps/announce.htm (new window).