The shareholders of mobile device manufacturer Palm seem to be elated with the recent deal happened with Hewlett-Packard.

The deal soon to get over will see the final icing on the cake on the 1 July, claims the US Securities and Exchange Commission.

HP on the other hand has paid $1.2 billion for the takeover of Palm.

Soon after the acquisition in April Todd Bradley, vice president of HP's Personal Systems Group said that the takeover of Palm has necessitated a surge in the assets that drives to deliver out of the box mobile experiences.

It will be a mutual effort that will result in lifting up of HP's financial strength that will bring out the global connectivity.

HP lists out its plans to bring out software products that rely on Palm's webOS mobile operating system and stand against other smartphones.