Palm files 8-K report with SEC
June 25, 2010 68 Comments
Today Palm filed the standard 8-K report with the SEC. The 8-K form is required by the SEC to announce certain significant changes in a public company, such as a merger or acquisition, amongst other items. What is interesting to note is the transaction of the merger was expected to close on July 1st, 2010, but it seems that both sides knew there would be some delays in the acquisition.
Such approval occurred by way of the affirmative vote of a majority of the (i) holders of the outstanding shares of Palm common stock, Series B preferred stock and Series C preferred stock at the close of business on the record date, May 24, 2010, voting together as a single class on an as-converted basis, and (ii) holders of the outstanding shares of Palm common stock not beneficially owned by Elevation Partners, L.P., or its affiliates.
The transaction is expected to close on Wednesday, July 1, 2010.
Now the next step we need is the announcement, hopefully before the end of summer, of a new handset running webOS.
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nice post, thanks for sharing, palm really cool
wow, cool if it’s really gonna happen before summer.
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