Palm Now Below HP Bid Price; So Much for Alternative Bidders

In case you hadn’t noticed, Palm (PALM) has quietly dropped below Hewlett-Packard’s (HPQ) $5.70-a-share bid price, as hopes for an alternative bidder to seem be slipping away.

The shares, which closed as high as $5.84 on April 29, the day after the deal was announced, dropped to the $5.70 level on Friday, and today are down three cents, to $5.67.

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