HP Ups Offer for 3PAR Inc. Thursday, August 26, 4:11 PM ET, by Market News Video Staff HP (HPQ) today announced that it has increased its proposal to acquire all of the ...
Intel Warns On 3Q Sales Friday, August 27, 10:59 AM ET, by Market News Video Staff Intel (INTC) warned on Friday that sales for the current quarter could come in lighter ...
HP's Revised Bid Weighs on IYW Friday, August 27, 11:09 AM ET, by Market News Video Staff Before the markets opened on Friday, Hewlett Packard announced that it had raised its bid ...
HP To Repurchase More Stock Monday, August 30, 1:02 PM ET, by Market News Video Staff On Monday morning, Hewlett Packard (HPQ) announced its Board of Directors had authorized the repurchasing ...
By Market News Video Staff, Monday, August 30, 1:02 PM ET
On Monday morning, Hewlett Packard (NYSE:HPQ) announced its Board of Directors had authorized the repurchasing of $10 billion worth of HP stock. This buyback program is in addition to the $3.1 billion left on the current $8 billion program. This news comes while the company is in the middle of a bidding war with Dell (NASDAQ:DELL) for the right to acquire 3Par (NYSE:PAR). Currently, Hewlett Packard has the highest bid in at $30 per share, but Dell has three business days to match that offer.
Shares of Hewlett Packard were trading higher on Monday as investors cheered on the buyback program. In afternoon trading, HPQ was up more than 2.5%.
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