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Homeland Security

HP to Acquire Security Software Firm ArcSight for $1.5 Billion

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HP [HPQ] this week agreed to acquire enterprise security software provider ArcSight [ARST] for $1.5 billion in cash, boosting its ability to offer organizations built-in security as part of wider information technology solutions. The transaction is expected to close by the end of the year. HP is offering $43.50 per share, a 24 percent premium to ArcSight's $35.10 closing price last Friday prior to the announcement of the deal. At the close of trading on Monday, ArcSight's shares were at…

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