Tonernews.com, September 29, 2011. USA
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Hp Hires Goldman Sachs To Defend Against Activist Investors
According to a Wednesday Wall Street Journal report, computer and printer maker Hewlett-Packard Company has contracted financial services firm Goldman Sachs to help protect the company against activist investors amid a brutal company shake-up.Reportedly, Goldman will advise H-P on defense strategies to circumvent potential activist investor intervention. A so-called “poison pill” strategy could be in the works to protect shareholders from an outside investor’s attempts to wrest control of the company.
Goldman Sachs did not issue a comment on the story, while H-P simply noted that it has relationships with multiple investment banks for various purposes.
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