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06.04.2003 - Palm to acquire rival Handspring for $169 million

View News related news. 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.

- View Additional Information
- Source: CNET News

NID: 821 / Submitted by: TACKtech Team
Categories: Press Release
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