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Two for one

4 June 2007 By Robert Cyran

The PDA maker couldn t find a strategic buyer. So it sold a minority stake to Bono s private equity shop, Elevation Partners. Palm gets some managerial expertise. And it s returning cash to investors. But the deal appears more complicated than transformational. Palm gets managerial expertise. And it s returning cash to investors. Indeed, perhaps the transaction is best viewed as two deals in one.

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