HP heir reverses stance on HP-Compaq merger
Hewlett-Packard board member Walter Hewlett voted for the proposed HP-Compaq merger, despite arguing against the deal since it was announced last November, according to documents HP filed with the SEC.
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Hewlett, the son of one of HP’s founders, said in a proxy statement that he still opposed the deal but cast his favorable vote because he feared slowing down the deal might cost HP more than it’s initial $22.3 billion offer.--Kevin Fitchard
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