Lexikon's History of Computing

HP and Compaq Merger May 2002

Transaction Summary dated 9/4/01

From Compaq Company

 

 Transaction Summary:

Structure: Stock-for-stock merger
Exchange Ratio: 0.6325 of an HP share per Compaq share
Current Value: Approximately $25 billion
Ownership: HP shareholders 64%; Compaq shareholders 36%
Accounting: Purchase
Expected Closing: First half of 2002

Overview:

Key Facts (last 4 qtrs):

HP

Compaq

Pro Forma Combined

Total Revenues

$47.0 billion

$40.4 billion

$87.4 billion

Assets

$32.4 billion

$23.9 billion

$56.4 billion

Operating Earnings

$2.1 billion

$1.9 billion

$3.9 billion

Leadership:

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