PALO ALTO, Calif. (AP) - Hewlett-Packard Co. said Monday it completed its
tender offer for software company Opsware Inc. on Friday.
As of Friday, 104.2 million shares, representing about 96 percent of
Opsware's outstanding shares, were tendered and not withdrawn in the offer,
Hewlett-Packard said.
HP said in July it would pay $1.6 billion in cash to acquire Opsware, which
was founded by Internet pioneer Marc Andreessen. Its products help companies
lower the cost and complexity of running their data centers by automating
certain management tasks.
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