Hewlett-Packard / Compaq deal approved by 45.3 Million shares

Hewlett - Packard (HP) announced yesterday that its proposed merger with Compaq was approved by 45.3 Million shares. The announcement came after independent Inspectors of Election, certified that the company’s shareholders had backed the controversial move.

Reports yesterday suggested that the merger should be finalised today and HP will unveil the ‘new’ company combined with Compaq next Tuesday.