Image via WikipediaNEW YORK: Computer maker Hewlett-Packard Co may be close to another major acquisition.
The company is nearing a deal to buy security software provider ArcSight for about $1.5 billion, The Wall Street Journal said on its website. Based on ArcSight's 34.6 million shares outstanding at Sept. 1, that would value the company at about $43.34 per share -- a 23 per cent premium to the stock's closing price Friday.
Calls to HP and ArcSight seeking comment on a potential buyout were not immediately returned.
The news comes just a few weeks after HP successfully wrestled data storage company 3Par Inc from rival Dell Inc for $2.07 billion, or $33 per share. The deal raised eyebrows among analysts who questioned whether 3Par was worth more than triple what the market had valued the company before Dell and HP started their bidding war.
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