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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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Expiration Date

HP said the shareholder rights plan will expire in one year -- on Feb. 20, 2021. The company also emphasized that the plan isn't a silver bullet for stopping a hostile takeover. The rights plan "will not prevent a combination of HP with another business, but should encourage Xerox (or anyone else seeking to acquire the Company) to negotiate with the Board prior to attempting to impose some combination that is not in the best interests of the HP shareholders," HP said in the news release.

Additionally, the plan "should not interfere with any merger or other business combination approved by the Board," HP said in its SEC filing.

Xerox did not immediately respond for a request for comment Thursday.

 
 
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