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HP's Buyout Offer Sends Opsware up 36% |
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Author: Elena Todorova
123jump.com
Last Update: 12:22 PM EDT July 23 2007
U.S. market averages rallied in late Monday trading, driven by several multibillion-dollar deals in various sectors. Opsware surged 36% after Hewlett-Packard said it will buy the automation software maker for $1.6 billion to enhance its portfolio of business technology optimization software. United Rentals, equipment rental company, agreed to be taken private by Cerberus Capital Management for $6.6 billion. The Dow Jones rose more than 100 points, moving towards 14,000 points. |
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