MILPITAS, Calif.-Antitrust concerns have now been pushed aside in Palm Inc.’s acquisition of Handspring Inc., as the waiting period required by the Hart-Scott-Rodino Anti-Trust Improvements Act has expired, which the companies said paves the way for the acquisition to close in the fall.
“Passing the HSR waiting period moves us another step toward delivering what we believe is the broadest portfolio of mobile computing and communications solutions from the most experienced leadership team in the industry,” said Todd Bradley, Palm Solutions’ president and chief executive officer.
Palm announced in June it would acquire Handspring for $169 million in stock.
