Neoware shareholders agree to make company part of Hewlett-Packard

By Lisa Kerner

Charlotte, N.C., Sept. 27 - Neoware, Inc. stockholders adopted the merger agreement with Hewlett-Packard Co. at a special meeting held on Sept. 27. The merger is expected to close on Sunday.

Some 96% of the votes cast and approximately 68% of the shares outstanding and entitled to vote at the meeting were voted in favor of the deal, a company news release stated.

On July 23, Neoware announced it agreed to be acquired by Hewlett-Packard for $16.25 cash per share, or an enterprise value of approximately $214 million, in a deal designed to accelerate the growth of Hewlett-Packard's thin client business. Neoware will be integrated into the business desktop unit of Hewlett-Packard's personal systems group.

Neoware, located in King of Prussia, Pa., is a provider of thin client computing solutions. Hewlett-Packard is a Palo Alto, Calif., computer, printing and imaging technology company.

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