Sale of Comdisco to HP Is Rejected
A bankruptcy judge in Chicago rejected the $750-million sale of Comdisco Inc.’s computer disaster-recovery business to Hewlett-Packard Co. The judge ruled instead that Wayne, Penn.-based SunGard Data Systems Inc. was the winner in a court-supervised auction and should be allowed to go ahead with its $825-million bid.
Attorneys for Hewlett-Packard declined to comment.
Shares of Rosemont, Ill.-based Comdisco rose 4 cents to 48 cents and SunGard fell 23 cents to $26.14, both on the NYSE. The news was announced after the markets closed.
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