H-P says European Commission approves EDS acquisition

[MoneyGuy]

SAN FRANCISCO (MarketWatch) -- Hewlett-Packard Co. said Friday that the European Commission has given its approval to the company's $13.9 billion acquisition of Electronic Data Systems Corp. . H-P also said EDS had settled five lawsuits that came about after H-P said it would buy EDS on May 13. As part of that settlement, H-P and EDS said the acquisition won't close before Aug. 18 and EDS will pay its third-quarter dividend of 5 cents a share on Sept. 10.

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