What did Handspring stockholders receive in the Handspring merger?
Open Each holder of Handspring common stock was entitled to receive 0.09 of a share of Palm common stock (which became palmOne common stock after the spin-off of PalmSource and closing of the acquisition of Handspring, but which trades today as Palm, Inc., under the NASDAQ symbol “PALM”) – and no shares of PalmSource – for each share of Handspring common stock and associated preferred stock purchase right held at the completion of the Handspring merger. Each share of Palm common stock issued was issued to Handspring stockholders with the associated Palm preferred stock purchase right. Fractional shares of Palm common stock were aggregated for each Handspring stockholder and instead of receiving a fractional share of Palm common stock; the Handspring stockholder received an amount of cash in lieu.
