Comments on: Palm and Extended Systems Cancel Merger
Palm and Extended Systems announced today that they have mutually and amicably agreed to terminate their proposed deal for Palm to acquire the mobile infrastructure developer. A proposed acquisition was announced March 6 and was expected to close in June. They cited "the slowing economy and market conditions" as their reasons for cancelling the deal. There will be no termination fee.
Palm was buying Extended Systems with stock but Palm's stock price has collapsed since the deal was first announced.
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