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Judge Clears HP; Approves Buyout

Escrito por

Published: Apr 30, 2002

Updated: Feb 2, 2021

1 minute read

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A Delaware judge has dismissed Walter Hewletts lawsuit accusing Hewlett-Packard Co. of misconduct during its efforts to lobby shareholders to support the companys $19 billion buyout of Compaq Computer Corp.

Judge William Chandler III of the Delaware Chancery Court issued his ruling shortly after the stock markets closed in New York Tuesday.

The ruling clears the way for HP to complete its acquisition of Compaq, with HP Chairmain Carly Fiorina last week testifying that the company was looking to finalize the merger by May.

Full story to follow.

eWEEK EDITORS

eWeek editors publish top thought leaders and leading experts in emerging technology across a wide variety of Enterprise B2B sectors. Our focus is providing actionable information for today’s technology decision makers.

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A Delaware judge ruled Monday that Walter Hewlett can proceed with his lawsuit against Hewlett-Packard Co., a decision that could ultimately block the computer makers planned $19 billion buyout of Compaq Computer Corp. Judge William B. Chandler IIIs decision marks a significant setback for HP, which argued during a special court hearing Sunday that the […]

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Hewlett Wont Appeal Ruling

Walter Hewlett will not appeal a Delaware judges dismissal of his lawsuit against Hewlett-Packard Co., ending his long proxy fight to block the computer makers $19 billion buyout of Compaq Computer Corp. Hewlett issued a statement announcing his decision after Delaware Chancery Court Judge William Chandler III ruled late Tuesday that the HP heir had […]

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Hewlett, HP Street Fight Spills into Court

WILMINGTON, Del. — Walter Hewlett on Tuesday morning began his last best chance to quash Hewlett-Packard Co.s proposed $20 billion buyout of Compaq Computer Corp. Hewlett, an HP board member and fervent opponent of the companys proposed deal to buy the Houston-based computer maker, began presenting evidence in the Delaware Chancery Court here to support […]

Jeff Burt

Apr 23, 2002

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Judge Mulls Over Motion to Dismiss Hewlett Suit

A Delaware judge today is mulling whether to allow Walter Hewlett to proceed with his lawsuit accusing Hewlett-Packard Co. of illegally buying shareholder votes in order to allow it to proceed with its controversial buyout of Compaq Computer Corp. HP claims the suit by Hewlett, son of one of the companys late co-founders, is baseless, […]

eWEEK EDITORS

Apr 8, 2002

eWeek has the latest technology news and analysis, buying guides, and product reviews for IT professionals and technology buyers. The site's focus is on innovative solutions and covering in-depth technical content. eWeek stays on the cutting edge of technology news and IT trends through interviews and expert analysis. Gain insight from top innovators and thought leaders in the fields of IT, business, enterprise software, startups, and more.

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