HP delays Mercury tender offer

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11 August 2006 — Palo Alto (CA): Hewlett-Packard (HP) is unable to launch the tender offer for the shares of software testing and consulting company Mercury Interactive as scheduled because it has failed to file and mail the materials necessary to commence the offering.

 

The company does not expect the set back to delay the closure of the acquisition which should take place during the fourth quarter and has said that the tender offer will commence as soon as practicable.

 

The company originally planned to begin the tender offer, of $52 per share, within ten working days of 25 July.