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The club's value – takeover talks have been ongoing throughout the season – would have plummeted to less than half of that figure.
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Autonomy's chief executive and co-founder, Mike Lynch, who is one of the company's biggest shareholders, has signed onto the H.P. deal, and it may be difficult for an interloper to pull him away from an already richly valued takeover.
Labrador Iron Ore Royalty Income Fund has dismissed as "below value" a takeover offer of 405 million Canadian dollars ($267 million) from the Rio Tinto Group, the world's second-largest mining company.
The job of a merger banker is to advise companies on acquisition strategy, to assess the value of takeover candidates and to negotiate and execute deals.
The value of takeover deals plenty of them involving private-equity firms—soared to $2.7 trillion in the first half of the year, almost half as much again as in the last six months of 2006.
Europe's Woes Continue to Hamper Takeovers | So far this year, the combined value of takeovers in Europe has fallen 23 percent as market volatility and a reduction in financing continue to thwart efforts across the Continent to complete deals.
Monday's deal wasn't the only richly valued technology takeover in recent days.
Apollo, based in New York, valued the takeover at about $1.2 billion, the company said.
Every day, the financial crisis throws up a new obstacle, and that makes valuing a takeover target almost impossible".
That values the takeover bid at about $13.78 a share, based on Monday's closing stock prices.
The value of takeovers between UK companies rose to £11.6bn, up from £1.2bn in the fourth quarter and the highest since the end of 2008.
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