Hewlett-Packard Co. has hired Goldman Sachs Group Inc. to help the company defend itself against possible activist investors who could push for change at H-P, people familiar with the matter said.
Concerns about H-P intensified when Leo Apotheker was ousted as chief executive and replaced by Meg Whitman.
H-P has felt vulnerable to possible activist investor pressure amid questions about the company's performance and strategic direction, the people said. The concerns intensified earlier this month when Leo Apotheker was ousted as chief executive and replaced by Meg Whitman.
As a result, Goldman was recently brought on board to help H-P formulate defenses in case it becomes the target of shareholders seeking change, the people added. Typically, companies with such a concern put in "poison pills" – shareholder rights' plans that make takeovers more difficult for activist investors…
http://online.wsj.com/article/SB10001424052970204138204576599333146228692.html?mod=WSJ_business_LeftSecondHighlights
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