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Short Take: HP to acquire Heartstream

Hewlett-Packard announced that it intends to acquire Heartstream, a Seattle-based developer of automated external defibrillators. Under the terms of the agreement, Heartstream's stockholders will receive shares of HP common stock in exchange for their shares of Heartstream common stock, with the number of shares still to be determined. Upon completion of the acquisition, Heartstream is expected to become part of HP's cardiology products division. The transaction is expected to close by early spring.

Hewlett-Packard announced that it intends to acquire Heartstream, a Seattle-based developer of automated external defibrillators. Under the terms of the agreement, Heartstream's stockholders will receive shares of HP common stock in exchange for their shares of Heartstream common stock, with the number of shares still to be determined. Upon completion of the acquisition, Heartstream is expected to become part of HP's cardiology products division. The transaction is expected to close by early spring.