HP Shareholders Unhappy About Autonomy Acquisition
HP this week extended its deadline for shareholders of Autonomy, a U.K.-based software vendor, to accept HP's $10.3 billion bid last month to acquire the company. But HP shareholders don't appear to be as enamored of the potential deal as HP is. That's according to Sanford C. Bernstein & Co. analyst Toni Sacconaghi, who claims that HP shareholders are none too pleased with the current state of affairs at the company.
"The overwhelming majority of large HP shareholders remain opposed to the HP/Autonomy deal," Sacconaghi said in a report this week, as reported by Bloomberg. "Investor exasperation with the company is the highest we have seen in 13 years following the sector."
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