Palm stockholders approve HP buyout, merger expected to close on July 1st

Friday, June 25th, 2010

Greg Kumparak is the Mobile Editor at Techcrunch. Greg has been writing for the TechCrunch network since May of 2008. Greg was born just outside of San Jose, and now lives in the East Bay of California. → Learn More

With all of the hubbub about HP buying Palm back in April, you may have thought the whole deal went down months ago. In actuality, there’s a fairly hefty, many-months-long legal process that has to be followed before all is said and done. During that time, HP’s not even allowed to hint at how Palm should be doing business.

Said process, it seems, is just about over.

Palm has just filed a Form 8-K with the SEC indicating that the majority of their stockholders have approved the merger. With that obstacle out of the way, it’s mostly clear sailing — as long as there are no surprise hangups, Palm says the merger ought to be a done deal by July 1st, 2010.

WebOS tablet, here we come!

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