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goji.go goji.go
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11 years ago
In September 2001, technology company Hewlett-Packard (HP) announced a proposal to acquire Compaq Computer Corporation for $25 billion in stock. It offered shareholders a deal whereby they could exchange one Compaq share for one HP share. At the time, HP shares were worth 18% more than Compaq shares. In March 2002, shareholders narrowly approved the takeover. What type of acquisition took place in this situation? Explain what happens in this type of an acquisition.
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Diesel

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bbb
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#1
11 years ago
By offering Compaq shareholders a chance to exchange their shares for shares of a higher value, Hewlett-Packard made a tender offer, initiating a hostile takeover. Shareholders were persuaded to sell their shares, allowing HP to acquire Compaq against the company's wishes.
goji.go Author
wrote...
#2
11 years ago
Thanks for helping me with my business review homework.
Diesel
bbb
wrote...
#3
10 years ago
You're very welcome, but pls mark as solved.
Post Merge: 10 years ago

You're very welcome, but pls mark as solved.
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