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Lawsuit Unlikely to Block Hewlett-Packard, Compaq Merger, Analysts Say.
Knight Ridder/Tribune Business News, April, 2002
By Crayton Harrison, The Dallas Morning News Knight Ridder/Tribune Business News
Apr. 26--Hewlett-Packard Co.'s hard-fought acquisition of Houston-based Compaq Computer Corp. appeared closer to fruition Thursday after lawyers seeking to block the merger failed to provide a convincing argument, analysts said.
Chancellor William Chandler III of the Delaware Chancery Court gave lawyers until midnight Friday to file post-trial briefs. He could make a decision as soon as Monday.
Lawyers for merger opponent Walter Hewlett accused H-P of misleading investors before a March 19 shareholder vote on the acquisition. H-P narrowly won that vote, according to a preliminary count, and official certification could come soon. If Judge Chandler finds that...
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