• Thu. May 13th, 2021

HP Inc. Announces Termination of Shareholder Rights Plan

HP Inc. Announces Termination of Shareholder Rights Plan

PALO ALTO, CA (STL.News) The Board of Directors of HP Inc. (NYSE: HPQ) has approved an amendment to the Company’s shareholder rights plan to accelerate the expiration date of the plan to June 25, 2020, effectively terminating the plan as of that date.  The limited duration rights plan was previously set to expire on February 20, 2021.

Chip Bergh, Chair of HP’s Board of Directors, said, “The shareholder rights plan was, by design, a temporary measure to protect the long-term interests of our shareholders.  In reaching the decision to terminate the plan at this time, the Board took into careful consideration a variety of factors including the appropriateness of maintaining this plan when HP is no longer the subject of a hostile tender offer and corporate governance best practices.”

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Marty Smith

Marty Smith

Marty Smith is the acting Editor in Chief as well as the founder of STL.News, DirectSourceNews.org, and St. Louis Restaurant Review. Additionally, Smith is the IT Manager responsible for STL.News and affiliate sites. Smith has created multiple aggregator sites to manage the large amount of content used to select which content to published on STL.News. As Editor in Chief, Smith is responsible for the content posted on the network with the help of the publishing team, which is located around the globe.