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5 Things To Know About HP's Shareholder Rights Plan

HP has adopted a plan that could make a hostile takeover by Xerox more difficult while giving its shareholders greater protections.

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Rights Distribution

For the initial step in the process, HP said that on March 2 it will provide existing shareholders with one preferred share purchase right for each share of common stock. Initially, the rights will trade in tandem with common stock. In the event that an outside entity acquires 20 percent of HP shares, however, the situation changes. Ten days after this threshold being crossed, the rights would separate from common shares and entitle shareholders--excluding the hostile acquirer--to buy additional HP shares at a steep discount.


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