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HP to Acquire Software Firm Autonomy Corp. for $11.7B Cash; CEO Leo Apotheker Comments

Hewlett-Packard Co. (NYSE: HPQ) has placed a recommended cash offer to purchase prominent U.K. software firm Autonomy Corp. for $42.23 per share, or over $11.7 billion. HP’s new HP Vision subsidiary will acquire the enterprise information software management firm. Autonomy founder and CEO Mike Lynch will continue to lead its operations. The boards of both companies …

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