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Mergers & Acquisitions: Hewlett-Packard Unveiled Plans To Buy ArcSight For $1.5 Billion In Cash

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Uploaded on Sep 13, 2010

"Hewlett-Packard (NYSE:HPQ) unveiled plans to buy ArcSight (NASDAQ:ARST) for $1.5 billion in cash as the company seeks to add to its computer services businesses.

The deal values ArcSight at $43.50 per share, which is a 24% premium to ArcSight's closing price of $35.10 on Friday.

""From a security perspective, the perimeter of today's enterprise is porous, putting enormous pressure on clients' risk and compliance systems,"" Bill Veghte, H.P.'s executive vice president of software and solutions, said in a statement. ""The combination of HP and ArcSight will provide clients with the ability to fortify their applications, proactively monitor events and respond to threats.""

SmarTrend alerted subscribers to take profits in Hewlett-Packard on August 09, 2010 at $43.14, since then the stock fell 11.3%. We are now watching for any positive developments that could result in a new uptrend signal."

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