0.31%QQQQ 43.45 
0.48%XLF 21.74 3.62%
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PLANO, Texas - Technology services provider Electronic Data Systems Corp. said Friday proxy advisory firm ISS Governance Services, a division of RiskMetrics Group, recommended that its shareholders vote for its acquisition by Hewlett-Packard Co.
A shareholder meeting is scheduled for July 31.
HP agreed to buy EDS for about $12.57 billion in cash in May in a move that is set to double its services revenue. The offer price is $25 per share, which represents a nearly 33 percent premium over EDS's closing stock price on May 9, the last trading day before the company confirmed rumors about the buyout.
Shares of EDS rose a penny to $24.68 in early afternoon trading.
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