June 4, 2003
CNet: Palm to acquire rival Handspring
My spin: No tears here. I think there's only winners. (well tears for any employees that will have to be (sadly) laid off). But which Handspring products will go? I guess all - except the Treo line.
News Clip: Palm, which also announced that it has finalized plans to spin off its PalmSource software division, will purchase Handspring in a stock deal.
The transaction will grant Handspring stockholders 0.09 of a share of Palm--and no shares of PalmSource--for each share of Handspring common stock. Based on Tuesday's closing price, that values each Handspring share at $1.09, slightly lower than Handspring's closing price of $1.11. (full story)
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