Hewlett-Packard Agrees to Acquire Aruba for $2.7 Billion
Hewlett-Packard Acquiring Aruba Networks for $2.7B
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Hewlett-Packard Co. agreed to acquire Aruba Networks Inc., a maker of wireless-network infrastructure used by hotels, universities and shopping malls, for $2.7 billion in cash to bolster its networking business.
Aruba investors will get $24.67 a share, the companies said Monday in a statement. Including debt and cash, the deal has a value of $3 billion.